Vedanta’s subsidiary, Electrosteel Steels Limited (ESL), conducted an auction on 9 Mar’23 for 60,000 t of iron ore lumps from its Nadidih BICO and Feegrade mines in Odisha’s Keonjhar district. According to sources, 50,000 t (10-40mm, Fe61%) was sold at INR 6,400-6,450/t and 10,000 t (5-18mm, Fe61%) was sold at INR 7,400/t. Prices are ex-mines and include royalty, DMF, and NMET charges.
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