Veerabhadrappa Sangappa and Company (VESCO) has scheduled an auction for 100,000 t of iron ore lumps. Out of the total quantity, 84,000 t of lumps (10-40mm, Fe 61.10- 64%) are from its Ramanamalai mines and 16,000 t of lumps (10-40mm, Fe 64- 64.20%) from its Dharmapuri iron ore mines, Karnataka, respectively. The auction will be held on 25 Mar’24. The base price is set at INR 5,575-7,250/t which includes royalty, DMF and NMET.
