NMDC e-auctions pellets for the first time
The Dollar Business Bureau
NMDC, India's single largest producer of iron-ore had for the first time put up iron-ore pellets for commercial sale on Nov 15. The sale was conducted via e-auction by NMDC.
The pellets which were manufactured at NMDC's Donimalai plant Bellary, ranging in size from 6-16mm were placed in 12 different lots of 1000 MT each.
According to market sources, the auction received a good response with the base price of the pellets hovering around Rs.5219/MT (basic).
Market sources confirmed that parties outside the state of Karnataka showed a keen interest, as a result, the bids went up by Rs.50/MT and the entire quantity was sold.
Information on the same remains to be confirmed as the bid sheets have not been made public by NMDC.