Sesa Goa, MEL to e-auction iron ore on March 27

On March 27, a couple of mines named Sesa Goa and MEL are to offer iron ore in the state of Karnataka, through e-auction.

A total of 28,000 MT of iron ore ROM and 4,000 MT of iron ore fines will be offered.

From Sesa Goa mines, a total of 24,000 MT of iron ore ROM is to be e-auctioned.

From MEL, 16,000 MT of iron ore will be offered, as mentioned below.

4,000 MT of iron ore ROM and 4,000 MT of iron ore fines.

From Narahari Mines, MEL would e-auction 8,000 MT of iron ore fines.

Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.