OMC may conduct this month’s Chrome ore e-auction on the 3rd week. However, unlike last month’s e-auction, this auction is expected to be held for a bigger quantity.
“The December round of e-auction will be held in the 3rd week. As there is excess stock of Chrome ore due to last e-auction, which was for a limited quantity. OMC may offer around 65,000-70,000 MT of ore for both the inside-state & outside-state buyers,” said a source.
Last month, OMC had conducted an e-auction for only 13,500 MT Chrome ore including 1,000 MT of Concentrate for across India. The quota reserved for the inside state buyers was not auctioned in view of the government’s plan to supply inside state buyers (Ferrochrome units) on long-term basis.
Since the process is getting delayed, the company is planning to offer larger quantity for sale this month to dispose the excess material. Recently, the state-owned miner has sent a list of buyers and the amount of Iron ore to be supplied to the Odisha government for final approval.
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