Iron Ore E-auction in Karnataka on 6th Aug '13

E-auction for Iron Ore in Karnataka is to be held on 6^th August '13.

The total quantity of Iron ore offered for sale is 3, 60,000 MT from NMDC Donimalai & Kumarswamy mines. 

The whole bidding process is conducted by MSTC on behalf of monitoring Committee.

Opening time of auction 11:00 Hrs IST and Closing time 13:00 Hrs IST

Inspection of material will take place between 31.07.13 to 05.08.13

 Details of Quantity offered:

Iron ore fines: 1, 00,000 MT

Iron ore lumps: 2, 60,000 MT 

Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable