SAIL conducted an auction today for 60,000 t of iron ore fines (Fe 62.5%) from the Bolani iron ore mines in Odisha. Out of the total quantity on offer, SAIL received bids for 44,000 t offered at INR 5,900/t and 16,000 t at INR 5,850/t (loaded on to wagon, including royalty, DMF, NMET and the additional amount mentioned in the MMDR Amendment Act). Bids have increased by INR 350/t against last auction held on 06 Oct.
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