Vedanta Limited had conducted an auction for 20,000 t lumps from its A.Narrain Mines, Karnataka on 14 Aug’24. According to sources, 4,000 t lumps (10-40 mm, Fe 52.5%) and 8,000 t lumps (6-20 mm, Fe 52.5%) got booked at the base price of INR 3,075/t and INR 3,050/t. Price is on ex-mines/ex-lot basis and exclusive of royalty, DMF and NMET.
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