Bhubaneswar, Sept 29 (PTI) The Odisha government has annulled the auction process of Teherai iron ore and manganese block in Sundargarh district due to mild response from the bidders, a notification said. <br> The state government had started the process of auction of 11 mines and Teherai was the second block to have been withdrawn from bidding. <br> The Directorate of Mines said in the notification that the decision was taken since there were less than three technically qualified bidders for this composite mining block. <br> On September 22, the government had put on hold the auction of bauxite blocks in Karlapat area in Kalahandi district because of a court order.<br> Of the 11 blocks up for grabs, seven are iron ore blocks, two composite blocks of iron ore and manganese, one composite block of iron ore and dolomite, and a bauxite block. <br> Odisha has received 123 bids for the 11 mineral blocks. <br> Jindal Steel and Power Limited, Adani, JSW, Tata Steel, ArcelorMittal, Essel Mining and Industries Limited, Rungta Mines Ltd, MSPL, Vedanta, and NMDC are in the race.
Read Full Story: https://www.theweek.in/wire-updates/business/2021/09/29/cal19-od-mines-auction.html
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