Odisha mining auction: Last working mines to go under hammer

New Delhi: Kanther-Koira manganese block of Rungta Mines Ltd, the last working mines will go under the hammer on Tuesday in the ongoing mining auction in Odisha.

The mining auction commenced on January 31.

Six companies including the lessee, Yazdani, TP Sao, Vedanta, Anand Exports & PM Granite are in the race for the mines.

Kanther-Koira manganese block has an estimated reserve of 0.615 MT.

Meanwhile, Agrasen Sponge Industries Pvt Ltd has bagged Katasahi manganese block on Monday.

The company won the bid by committing to pay 130.30 per cent of the average sale price to the Odisha government.

Yazdani Power and Steel Ltd, TP Sao and Sons Pvt Ltd, Rungta Sons Pvt Ltd and PM Granite Export Pvt Ltd were also in the race for the mine with an estimated reserve of 0.667 MT.