Tag: Karnataka Iron Ore e-auctions

Country’s 3rd largest iron ore producing state, Karnataka is aggressively offering iron ore via e-auctions. Karnataka’s ore e-auctions received an upsurge of 41% in FY16 against FY15. The total allotted quantity in FY16 was 28.7 MnT, against 20.3 MnT in FY15. Karnataka has at present around 24 mines in the private sector and 2 mines…