The Odisha government has given approval for the conducting auction of Badampahar iron ore mine block in Mayurbhanj district, Odisha.
The technical bids of the bidders will be opened on Tuesday, 16 Jun’20, at 11:00 hours and the announcement of the bids qualifier will be on Monday, 29 Jun’2020. Submission of the final offer price will be through electronic platform on June 30, 2020. The announcement of the final bidder will be on 06 Jul’20
All the bidders who have submitted the bids may participate in the technical bid opening of Badampahar iron ore block through online mode or may attend personally. Only 1 (one) representative of each bidder will be permitted to attend and the entry is restricted to bidders only.
In line with MMDR (Amendment) Act 2015, Odisha govt. put up 21 merchant iron ore mines for auction which were due to expire in 31 March 2020. However, the auction process of Badampahar was earlier put on hold due to some legal issues and the lease was expiring on May 26, 2020.
Odisha is India’s largest iron ore producing state and accounting for 50% share of India’s production and the leases put up for auction had an EC limit of 80-85 mnt.
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