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Bhushan Steel bags Odisha iron ore mine in auction

Bhushan Steel outbid Tata Steel, JSW, JSPL

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Dillip Satapathy Bhubaneswar
With a quote to share 100.05 per cent revenue from mining operation with the Odisha government, Bhushan Steel (BSL) has bagged the Kalmong west iron ore mine in Sundergarh district in an auction for the property which saw some aggressive bidding by country’s top notch steel companies.

The companies which participated in the bid for the mine, having a reserve of 92 million tonne, included Tata Steel, JSW, Jindal Steel and Power (JSPL), Tata Sponge and two Bhushan firms- Bhushan Steel and Bhushan Power and Steel.

BSL, which finally won the bid, runs a 4.7 million tonne integrated steel plant at Meramundali