Home ECONOMY Odisha to notify auction of mines tomorrow

Odisha to notify auction of mines tomorrow


Odisha Sun Times Bureau
Bhubaneswar, Dec 22:

The much-awaited notification by the Odisha government for e-auction of mines under the amended MMDR Act in the first phase will be issued tomorrow, informed Steel & Mines Minister Prafulla Kumar Mallick here today.

odisha-jharkhand mines

The Minister said notification will be issued for one iron ore mines tomorrow for which tender documents have been approved by the state government.

While MSTC Ltd has been appointed as the auction platform, SBI Caps Ltd has been appointed as the transaction advisor for the purpose.

The state government entered into agreements with these two on December 17 for the purpose.

Earlier, the state government had decided to go for auction of two iron ore mines in the first phase but as the other mines is of G-3 level; permission has been sought from the Union government for its auction.

The state government has completed process for auctioning of 12 mines in the state, however auction of these mines will take place in phases, said sources in the Steel & Mines department.




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