Odisha mining auction: Serajuddin and Co retains Balda iron ore block

Bhubaneswar: Serajuddin and Co has retained the Balda iron ore block in the action in Odisha, said an official on Tuesday.

Serajuddin and Co retained Balda mines in Keonjhar district committing to pay 118.05% of its sale value of ore to the state government.

The auction went on through the day till 2.41 AM, the official said.

Earlier, ArcelorMittal India Pvt Ltd has bagged the Thakurani iron ore block in Odisha. Thakurani iron ore block has an estimated reserve of about 179 million tonne.

JSW Steel bagged two iron ore mines with total reserves of 980 million tonnes. It won Nuagaon mine and Narayanposhi iron block.