JSW Steel has won the Rama Rao Paol mine among the 15-odd mines in the ongoing iron ore auctions in Karnataka, reports CNBC-TV18’s Nigel D’souza. The mine has reserves of 31.5 MT approximately.
Other bidders for the mine include BMM Ispat, Kalyani Kirloskar, Vedanta and MSPL. Nitty-gritties like the bidding price which helped JSW Steel are unknown as yet.
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