Odisha mining auction: JSPL gets Guali iron ore mines

Bhubaneswar: Naveen Jindal controlled Jindal Steel & Power (JSPL) has bagged the Guali iron ore mines in Odisha after committing to pay 144% premium.

The company won the mining block in the mining auction held on Wednesday. As many as 13 companies including JSW, Adani Group, KJS Ahluwalia and RP Sao were in the race, said sources.

Spread over 365 hectares in the Keonjhar district, Guali mines has an estimated reserve of 198 million tonnes.

On Tuesday, Tata Steel subsidiary TS Alloys has bagged the Sukinda chromite block after committing to pay 93.7% premium.

Odisha government had auctioned as many as 19 mineral blocks in February.

In the mining auction, JSW Group secured as many as four iron ore blocks. The company has proposed to set up a steel plant near Paradip in Jagatsinghpur district.