India: Shyam Metalics wins Naganwat manganese block in Madhya Pradesh auctions

Shyam Metalics And Energy Limited emerged as the preferred bidder for the Naganwat Badi & Choti (Block-D) manganese block in the auction concluded on 20 Nov'24 at a bid premium of 165%. The block with area of around 74.69 Ha, is located in Madhya Pradesh and has geological resources of 67,200 t that have an average Mn grade of 32.41%.