Auction of Jaribahal iron ore block in Odisha on Friday

New Delhi: Jaribahal iron ore block will be auctioned in Odisha on Friday.

Spread over an area of 106.53 ha, the block has an estimated iron ore reserve of 7.15 MT.

Nine companies- Kashvi, Yazdani, Patnaik Steel, Gallant Ispat, Ramgad sponge, Amalgam, CP Sponge & MGM Mineral are in the race for the mines.

Jaribahal iron ore block was earlier with Patnaik Minerals.

This will be the 15^th mines of 19 mines to be auctioned in Odisha.

On Thursday, Odisha-based miner Debabrata Behera bagged Siljora-Kalimati iron ore and manganese block at 154%, the highest-quoted premium so far in the ongoing mining auction in the state.

The lease of Siljora-Kalimati iron ore and manganese block was with ML Rungta.