Vedanta scheduled an auction today for sale of iron ore lumps from its A. Narrain mines in Karnataka’s Chitradurga district. According to market sources, the entire quantity of 12,000 t of lumps (Fe59.5%) was booked at a price of INR 4,621/t (exclusive of royalty, DMF and NMET), higher by INR 532/t compared to the floor price of INR 4,089/t.
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