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Intense bidding expected for next phase of Odisha's iron ore auctions

Pellet makers, sponge iron and pig iron producers allowed to participate

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Jayajit Dash Bhubaneswar
The ensuing phase of iron ore mining block auctions in Odisha are likely to see intense bidding, with producers of pellets, sponge iron and pig iron competing alongside steel companies.

The Notice Inviting Ten­d­ers and issue of tender docum­ents are scheduled on October 4 and 14. The bidding has been scheduled for November 18 and 28. Letters of intent to the preferred bidders are expected to be issued by January. Odisha (the state sees the largest production of iron ore in the country) has hitherto put three iron ore blocks to online auction, namely, Ghora­burhani-Sagasahi, Kala­mang West and Netrabandh Pahar.