NMDC to auction 3 lakh tonnes of iron ore in K'taka

New Delhi : State-owned NMDC will conduct an e-auction on Friday for the sale of 3 lakh tonnes of iron ore to steel and allied industries in Karnataka, which are struggling to keep their units operational due to an acute shortage of the raw material.

On October 14, we are going to auction about 3 lakh tonnes of ore," NMDC Chairman Rana Som told PTI.

He added that NMDC is looking to increase the quantum of iro ore to be sold through the e-auction route in the coming days. This will be second auction conducted by the mining major in a span of 10 days, having sold about 2 lakh tonnes of ore on October 4.