Vedanta Limited had an auction for 24,000 t of iron ore lumps from its A.Narrain mines, Karnataka today. According to sources, 16,000 t lumps (10-40 mm, Fe 52-52.5%) got booked at INR 3,050-3,110/t against the base price of INR 3,050/t while 8,000 t lumps (6-20 mm, Fe 53-54%) were booked at INR 3,144-3,331/t remained unsold. Price is on ex-mines/ex-lot basis and exclusive of royalty, DMF and NMET.
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