Vedanta procured 60% of the sold quantity in the e-auction held on 04 Oct’16.
Offered quantity amounted to 1.7 MnT, which was offered in 48 lots. Out of this, 1.17 MnT was ROM, 0.41 MnT is fines, 0.05 MnT was lump and remaining 0.07 MnT was fines/lump.
As SteelMint had earlier reported that 16th Goa iron ore e-auction fetched very good response as nearly 67% of the offered quantity was sold. According to the recent data released by Goa DMG, 1.14 MnT iron ore was sold and Vedanta remained the largest bidder at 0.68 MnT followed by Kalinga Allied Industries at 0.32 MnT.
E-auction received good participation from exporters like Vedanta, Kalinga Allied Industries, V M Salgaocar and Brothers to name a few.
Bidder-wise allotted quantity in 16th Goa iron ore e-auction
|
Bidder name |
Fines | Fines/Lump | Lump | ROM |
Grand Total |
| Vedanta | 1,930 | – | 18,880 | 658,880 | 679,690 |
| Kalinga Allied Industries | 175,890 | 73,090 | 28,560 | 47,130 | 324,670 |
| Minescrape & Kadar Ores Pvt Ltd | 77,630 | – | 2,320 | – | 79,950 |
| Sri Sri Paramhansa Yogananda Export | – | – | – | 26,550 | 26,550 |
| V M Salgaocar and Brother Private Limited | – | — | – | 16,000 | 16,000 |
| Amit Earthmovers | – | – | – | 8,900 | 8,900 |
| Bagadiya Brothers Pvt Ltd | – | – | – | 5,000 | 5,000 |
| Blueglobe expoprts Pvt Ltd | 100 | – | – | – | 100 |
| Grand Total | 255,550 | 73,090 | 49,760 | 762,460 | 1,140,860 |
Qty in MT
Source: SteelMint Research, Goa DMG
Out of 1.17 MnT ROM offered, 0.77 MnT was sold. For most of the lots, bids remained closer to base price except few lots.
Lot of ROM (Fe 62.95%) located at Vagus jetty fetched bids at INR 1,420-1,430/MT. Another lot containing ROM (Fe 60.7%) located at Sircaim Jetty which fetched bids at INR 620/MT. The lot was procured by Amit Earthmovers.
0.41 MnT fines were offered in the e-auction, out of which 0.26 MnT was sold. Majority of the lots received flat bids except two lots containing fines (Fe 55-57.7%) located at Surla jetty which received bids at INR 720/MT. Both the lots were procured by Vedanta.
Almost entire quantity of lump offered was sold. Most of the lots containing lump fetched flat bids except three lots which received bids at INR 580/MT. All the three lots were bought by Vedanta.
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