The Paradip Port Trust had invited bids for allotment of 08 manual iron ore/ pellet plots through online bidding platform in mid Feb’18. The plots put for auction were standardized to the area of 3,000 square meters and the plot numbers were I6, I7, I8, I12, I13, I14, I15, and I16.
The last date for submission of bid was scheduled on 05th Mar’18 at 17:00 hrs. and the technical bids were opened on 06th Mar’18 at 17:00 Hrs
The Paradip port, manual iron ore plots e-auction technical bids results were announced recently. Out of the 08 manual iron ore/pellet plots held for auction, 05 plot received bids. The reserve price for the plot was fixed at INR 1,312 per square meter per month.
As per market sources report to SteelMint, the bids received were in the range between INR 1316- 1320 per square per meter. The plots will be allotted for a period of 11 months.
As per market sources, the participants included Rungta Sons, Feegrade & Co., Jagannath Minerals & Steel, SM Niryat and Kaypee Enterprises.
Indian iron ore exports hit ten months high in Feb’18 –
Indian iron ore exports have increased by 75% to 2.06 MnT in Feb18 against 1.18 MnT in Jan’18. Vedanta, remained the largest iron ore exporter at 0.54 MnT in Feb’18 followed by Fomento Resources at 0.29 MnT and Rungta at 0.29 MnT. Exports from Rungta Mines increased to more than twice in Feb’18 as against 0.12 MnT in Jan’18.
So far in FY18 (till Feb’18) Rungta Mines has exported 1.44 MnT iron ore and exports by SM Niryat stood at 0.58 MnT.
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