SAIL conducted an auction for 60,000 t of iron ore fines (Fe 62.5%-Indicative) from its Bolani mines in Odisha. The due date for the submission of bids is 24 Sep’21. The base price for the material offered was INR 5,900/t FOR inclusive of royalty, DMF, NMET and the additional amount mentioned in the MMDR Amendment Act. According to latest updates, the tender failed to fetch any response due to bid-offer disparities.
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