Shyam Ore Bags Jilling Iron Ore Block – OMC
New Delhi: Shyam Ore on Wednesday bagged the Jilling-Langalota iron ore block in Odisha’s Keonjhar district by committing to pay 135 per cent of sale to the Odisha government.
Current lessee of the block is with ESSEL Mining Industries.
Shyam Ore emerged winner among Adani Enterprises, Serajuddin & Co, JSW Steel, Rungta’s Feegrade and ESSEL Mining Industries, who were the top contenders for the block with an iron ore reserve of 72.84 million tonnes.
Earlier in the day, JSW Steel had won Ganua iron ore block in Sundargarh district by quoting a premium of 132 per cent.
The Mumbai-based steel company had earlier won two mines — Nuagaon (January 31) and Narayanposhi (February 2) — with a total reserve of 980 million tonnes.
On Tuesday (February 4), Serajuddin and Co retained Balda iron ore block during the auction that went past midnight (2.41 am). ArcelorMittal India Pvt Ltd had won Thakurani iron ore block notified for auction in Odisha on Monday (February 3).