Steel Authority of India Ltd (SAIL) conducted an auction today for 40,000 t of iron ore dump fines (Fe 59%) from its Bolani mines in Odisha. The base price for the material was INR 2,900/t ex-mines inclusive of royalty, DMF, NMET and the additional amount mentioned in the MMDR amendment act. According to a latest update, the auction failed to receive any response.
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