NINL has rescheduled an e-auction for 4,000 t of iron ore lump (Fe: 62-65%, 10-40 mm) on 23 Nov’21 from its captive mine in Odisha. The base price at the previous auction had been set at INR 7,800/t, but buyers showed no interest and no bids were placed. NINL now has reduced the base price by up to INR 900/t compared to the last auction held on 12 Nov’21.
Leave a Reply