Govt earns Rs 100.25 cr through e-auction of 1.73 mn tonne iron ore
By Heraldgoa 25-Aug-2019
On the first day, 37.65 lakh tonne of ore was put up for e-auctioning out of which 11.09 lakh tonne was sold with a bid price of Rs 63.05 crore. On Day 2, 6.27 lakh tonne of iron ore with a bid price of Rs 37.19 crore was sold out of the 15.74 lakh tonne that was put up for e-auctioning.
Director of mines and geology Ashutosh Apte said that these figures are tentative and subject to confirmation from Metal Scrap Trade Corporation, a central government company looking after the e-auctioning. According to him, Rs 250 per tonne will be deducted from the amount of bid price, which will give the residue revenue to the state.
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