Vedanta’s subsidiary, Electrosteel Steels Limited (ESL), conducted an auction on 7 Feb’23 for 50,000 t of iron ore lumps (10-40 mm, Fe61%) from its Nadidih BICO and Feegrade mines in Odisha’s Keonjhar district. According to sources, the entire material was sold at INR 6,200-6,250/t. Prices are ex-mines and include royalty, DMF and NMET charges.
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