Tag: India: Defence Ministry books 4 t of ferro vanadium at reverse auction

India’s Ministry of Defence conducted a reverse auction for 4.642 t of ferro vanadium (V:55, 25-50 mm) for its Yantra India Limited unit on 21 Feb’24. The entire material was booked at around INR 1,566,000/t FOR (inclusive of all taxes). Except GST and GEM portal charges, prices were at around INR 1,320,000/t FOR, sources informed.