Vedanta’s subsidiary Electrosteel Steels Ltd (ESL) has scheduled an auction for sale of around 400,000 t of iron ore fines (Fe57.5-59.5%) on 2 Aug’22 from its Nadidih BICO and Feegrade mines in Odisha’s Keonjhar district. The floor price for Fe 57.5% and Fe 59.5% grades fines are set at INR 1,500/t and 2,100/t, respectively (including royalty, DMF and NMET charges).
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