Odisha Auction 2020 : Narayanposhi Mine Fetches Premium of 72% in Technical Round
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Odisha Govt started Narayanposhi iron ore block technical qualification round on 30th Jan 2020.
As per the sources, there were ten technically qualified bidders for the Narayanposhi iron ore mine block. The mine fetched the highest premium of 72% from JSW Steel in the technical round, as per sources.
Odisha govt. is expected to announce technically qualified bidders for other mines one after other gradually in the coming days.
| Name of the Block | Technically Qualified Bidders |
| Narayanposhi Iron ore Block | JSW Steel Limited |
| KJS | |
| Arcelor Mittal India Pvt Ltd | |
| Orissa Metaliks | |
| Rungta | |
| Pro-Minerals | |
| RINL | |
| Vedanta | |
| JSPL | |
| Tata Steel |
The first iron ore block put to auction, Nuagaon mine fetched the highest premium of 89.4% from JSW Steel in the technical round.
A.M.T.C. (P) Ltd was the existing lessee of Narayanposhi iron ore mine block. The mine has an EC limit of 6 MnT pa and has exploration done upto G2 level. The mine has total geological resource of 190.6 MnT iron ore and 0.486 MnT Mn ore.
Production of iron ore from the mines was recorded at around 2.99 MnT in FY'19 and 3.328 MnT in FY20 (till Nov'19).
