Vedanta’s subsidiary, Electrosteel Steels Ltd (ESL), has scheduled an auction for the sale of around 60,000 t of iron ore lumps (Fe61%, 10-40 mm) on 2 Dec’22 from its Nadidih, BICO and Feegrade mines in Odisha’s Sundargarh district. The floor price for the auction is declared INR 4,900/WMT by the company (inclusive of royalty, DMF, and NMET charges).
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