Iron ore E-auction results for NMDC Kumarswamy mines was out on 12th July'13. The total quantity of Iron ore offered for sale was 2,64,000 MT, out of which they were able to sell only 68,000 MT of Iron ore.
Iron ore fines booking price was 8.4% above the floor price. Whereas, no interest was shown on the purchase of Calibrated lumps ore (CLO). Out of 2,00,000 MT of CLO, only 4000 was sold.
Total number of Bids were 41, out of which number of bidders were 5 and winners 4.
Details of quantity:
Iron ore fines 64,000 MT
Calibrated lumps ore (CLO) 2,00,000 MT
Detail of quantity allotted:
Total quantity 32,000, Fe% 60, Iron ore fines
JSW Steel ltd. Booking price 2030, allotted quantity 20000
Xindia steels ltd. Booking price 2020, allotted quantity 8000
Vinayak steels ltd. Booking price 2010, allotted quantity 4000
Floor price for Iron ore fines is 1810
Total quantity 1,00,000, Fe% 64, calibrated lumps ore
SBQ Steels ltd. Booking price 3836, allotted quantity 4000
CLO sold at floor price
Total quantity 32,000, Fe% 62, Iron ore fines
JSW Steel ltd. Booking price 2060, allotted quantity 32000
Iron ore fine sold at floor price
Total increase of booking price over the floor price is 4.94%. Main buyer for Iron ore fines were JSW steel i.e. out of 64000 MT of Iron fines, JSW Steel purchased 81.25% & remaining 18.75% were shared by Xindia & Vinayak Steel.
Leave a Reply