06-Aug-2026      17:36

Coal India Limited wins Gadadharpur Iron Ore Block in Odisha through domestic auction

Coal India Limited has been awarded the role of Preferred Bidder for the Gadadharpur Iron Ore Block, located in Kendujhar district of Odisha, through a domestic auction. The mining lease agreement includes a premium payment of 114.05% of the value of mineral dispatched to the Government of Odisha, with a one-year timeframe to become a successful bidder and a three-year period for execution of the mining lease deed. The G3 exploration stage block holds a total resource of 288 MT, and the company confirmed that no promoter, promoter group, or group companies have any interest in the awarding entity, and the transaction does not constitute a related party transaction.

News source: Capital Market - Live News