NMDC kumarswamy e-auction 25th July. Iron ore fine sold at 21% more then floor price.

NMDC Kumarswamy mine located in Karnataka has declared the
result for the e-auction conducted on 25^th of July. The total
quantity offered for sale is 140000 MT but they declared result of Iron ore
fines only I.e. 44000 MT.

Total number of bids 110, Number of bidders 6 & number of winners 4

Detail of quantity
offered:

Calibrated Lumps
Ore 96000MT

Iron Ore fines
44000MT

Detail of quantity
sold:

Quantity offered
20000, Fe% 60, Iron ore fines

Kalyani steels,
Booking price 2810, Quantity purchased 4000

Mukand LTD, Booking
price 2800, Quantity purchased 4000

JSW Steel LTD,
Booking price 2760, Quantity purchased 12000

Floor price for iron ore fines is 1910

Quantity offered
24000, Fe% 61, Iron ore fines

Xindia LTD,
Booking price 2085, Quantity purchased 4000

Mukand LTD, Booking
price 2085, Quantity purchased 4000

JSW Steel LTD,
Booking price 2075, Quantity purchased 16000

Floor price for iron ore fines is 2035

Bookin price is 21.14 more then the floor price.

63% of iron ore fines was purchased by JSW Steel ltd.