State-owned NMDC will conduct an e-auction on Friday for the
sale of 3 lakh tonnes of iron ore to steel and allied industries in Karnataka,
which are struggling to keep their units operational due to an acute shortage
of the raw material.
“On October 14, we are going to auction about 3 lakh
tonnes of ore,” NMDC Chairman Rana Som said.
He added that NMDC is looking to increase the quantum of iro
ore to be sold through the e-auction route in the coming days. This will be
second auction conducted by the mining major in a span of 10 days, having sold
about 2 lakh tonnes of ore on October 4.
In addition, the company has also requested the apex
court-appointed monitoring committee to “at least” double the number
of auctions in a week, so that piling up of iron ore stocks can be avoided, Som
said.
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