Tag: Vedanta-ESL iron ore auction

India: Vedanta-ESL schedules over 50,000 t iron ore lumps auction

Nov 3, 2022

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by

Ratiram Gurjar

in Fines/Lumps

Vedanta’s subsidiary, Electrosteel Steels Ltd (ESL), has scheduled an auction for sale of around 60,000 t of iron ore lumps (Fe61%) on 8 Nov’22 from its Nadidih, BICO and Feegrade mines in Odisha’s Sundargarh district. The floor price for the auction is declared INR 5,000/WMT by the company (inclusive of royalty, DMF and NMET charges).