Tag: Iron ore production scenario after auctions

After a long wait and some back and forth, Odisha has rejected Jindal Steel and Power Ltd’s bid for the Guali iron ore block, forfeiting the steelmaker’s INR 39.87 crore bid security. The state government has odered its letter, recognising JSPL as the successful preferred bidder of the 18 March 2020 auction, as infructuous. Similar…