In Vedanta’s auction for 72,000 t of iron ore lump (Fe 59.50%) today around 56,000 t of material was booked out of the total quantity at the base price of INR 3,775-3,865/t (excluding royalty, includes DMF and NMET). The company conducted the e-auction from its A. Narrain mines in Karnataka’s Chitradurga district.
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