Odisha mining auction

PM Granite Exports Pvt Ltd gets Kanthar-Koira mines in Odisha

New Delhi: Bengaluru-based PM Granite Exports Pvt Ltd on Tuesday bagged Kanthar-Koira manganese block in the auction in Odisha.

The company bagged the mines by committing to pay 110.04 per cent of the average sale price to the Odisha government.

Kanther-Koira manganese block was with Rungta Mines Ltd.

Six companies including Rungta Mines, Yazdani, TP Sao, Vedanta, Anand Exports & PM Granite were in the race for the mines.

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

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