Please go through this-
24 iron ore mines had lease expiry- all of them were auctioned in open market.
This was during 1st/2nd wave of covid.
The mines have been going to highest bidder so far.
There is no preference to anyone- govt has removed the distinction between captive miner and merchant miner.
All miners are allowed to sell iron ore in open market- this is a new clause added recently.
There is no difference between captive and merchant mine anymore- as per the link above.
The mines belong to people of India- it is a national resource.
Sandur doesn’t own any mine, we have given it to Sandur only for a certain period of time.
The govt has made mine auction- very fair and transparent- for everyone’s benefit. No preference is given to anyone.
And, GPIL is doubling mining and pellet capacity in 2/2.5 yrs- very significant increase in both topline and bottomline.
| Subscribe To Our Free Newsletter |
