ArcelorMittal bags Thakurani iron ore block in Odisha


Bhubaneswar: ArcelorMittal India Pvt Ltd has bagged the Thakurani iron ore block in Odisha, said an official on Monday.

ArcelorMittal won the Thakurani iron ore block committing to pay 107.55% of its sale value to the state government.

Earlier, JSW Steel has bagged two iron ore mines with a total reserve of 980 million tonnes in the auction in Odisha.

JSW Steel bagged the Nuagaon mine, which is the largest iron ore block in the auction with a total estimated reserve of around 790 million tonne. It also won Narayanposhi iron block with 190 MT reserve.