Tag: Vedanta-ESL iron ore auction

Vedanta subsidiary Electrosteel Steels Ltd (ESL) scheduled an auction for the sale of iron ore fines and lumps (both Fe 58-60%) today from its Nadidih BICO and Feegrade mines, Odisha. According to market sources, the entire quantity of 50,000 t of fines was booked at around INR 1,500-1,600/t (inclusive of royalty) against the base price…