Vedanta’s subsidiary Electrosteel Steels Ltd (ESL) has scheduled an auction for sale of around 500,000 t of iron ore fines (Fe57.5-59.5%) on 29 Aug’22 from its Nadidih BICO and Feegrade mines in Odisha’s Keonjhar district. The floor price for the auction is yet to be declared by the company and will be inclusive of royalty, DMF and NMET charges.
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