Auction for Teherai composite mines underway in Odisha

New Delhi: The bidding process is underway for Teherai iron ore and manganese block in Odisha on Saturday.

Five companies including Lal Trades, Anand Export, Yazdani, Tarama Apartment Pvt Ltd, and Essel Mining are in the race for the composite mines.

On Friday, Kashvi International Pvt Ltd bagged the Jaribahal iron ore block in the ongoing mining auction in Odisha.

The Keonjhar-based company won the mines by committing to pay 150 per cent of the average sale price to the Odisha government.