Odisha mining auction: JSPL bags Kasia iron ore & dolomite mines

Bhubaneswar: Jindal Steel and Power Ltd (JSPL) bagged the Kasia iron ore & dolomite block at 118% premium.

The Kassia iron ore mine was earlier operated by Aditya Birla Group owned Essel Mining.

According to sources, as many as 13 companies had submitted bids for the Kasia block while seven companies cleared the technical bidding round and participated in the financial bidding for the block, spread over 194.19 hectares.

The financial bidding for 11 mineral blocks has started from Saturday.

Total 123 bids have been received by the state for the 11 mineral deposits.

The blocks which are up for grabs in the auction process include Kasia, Nadidih (Bico), Nadidih (Feegrade), Teherai, Pureibahal,Chandiposhi, Jumka, Dholtapahar, Netrabandha Pahar (West), Gandhalpada and Karlapat.