Block Name: M.L. No. 2366
- Blockcode:
- KA13
- State:
- KARNATAKA
- District:
- Bellary
- Minerals:
- IRON ORE
- Block Status:
- Allocated
- Tender Number:
- 20170105114037
- Auction Number:
- 20170105174246
- Preferred Bidder:
- M/s JSW Steels Limited
- Tender Entry Date:
- 05-01-2017
- Tender Number:
- 20170105114037
- Preferred Bidder:
- M/s JSW Steels Limited
- E-Auction Number:
- 20170105174246
- Block Name:
- M.L. No. 2366
- State:
- KARNATAKA
- District:
- Bellary
- Case Type:
- ML
- End User Reservation:
- Yes
- Comment :
- Reserved for integrated steel plants, sponge and pellet manufacturers
- Total Estimated Reserves:
- 6.94 Million Tonne
- Net Avg IBM Price:
- Rs. 0 Cr
- Total Estimated Royalty:
- Rs. 243.69 Cr
- Total Estimated DMF:
- Rs. 24.369 Cr
- Total Estimated NMET:
- Rs. 4.874 Cr
- Value of Estimated Resources:
- Rs. 1624.6 Cr
- Total of Royalty + DMF + NMET +Other:
- Rs. 272.93 Cr
- Thickness of mineral:
- Not Specified
- Total Area:
- 33.21 Hectares
- Mineralized Area:
- 3.3365 Hectares
- Non-Mineralized Area:
- 29.87 Hectares
- Forest Land:
- 33.21 Hectares
- Government Land:
- 0 Hectares
- Private Land:
- 0 Hectares
- Chargha Land:
- 0 Hectares
- Exploration done by Agency:
- MECL
- Total Station & DGPS Agency:
- Other
- GR Preparation & Digitization Agency:
- MECL
- Cost of Tender Document:
- 2 Lakh
- Transaction Advisor:
- CRISIL
- Auction Platform Provider:
- MSTC
- Bid Security Amount:
- Not Specified
- Minimum production requirement in MDPA:
- Not Specified
- Pre-Bid Meeting:
- 13-01-2016
- Start Date for Sale of Tender Document:
- 23-12-2015
- Last Date for Sale of Tender Document:
- 01-09-2016
- Last Date of Submission:
- 14-09-2016
- No. of tender Documents Bought:
- 3
- No. of initial Bids Received:
- 3
- Initial Bid Opening Date:
- 15-09-2016
- Announcement of technically qualified bidders:
- 22-09-2016
- No. of technically qualified bidders:
- 3
- Reserve Price:
- 35 %
- Annulment:
- No
- Availability of Mineral:
Mineral Details:
- Mineral Name:
- IRON ORE
- Mineral Grade:
- 58% - 60% Fe
- Mineral Unit:
- Tonne
- DMF:
- Rs. 24.369 Cr (For 50 Years)
- NMET:
- Rs. 4.874 Cr (For 50 Years)
- Mineral Estimation Reserve:
- 6.939 Million Tonne
- Mineral Ibm Price:
- Rs. /Tonne
- Mineral Old Royalty:
- Rs. 0 Cr (For 50 Years)
- Mineral New Royalty:
- Rs. 243.69 Cr (For 50 Years)
- E-Auction Date:
- 04-10-2016
- Preferred Bidder:
- M/s JSW Steels Limited
- Reserve Price:
- 35 %
- Block Name:
- M.L. No. 2366
- State Name:
- KARNATAKA
- District Name:
- Bellary
- IPO Price:
- 55 %
- BID Price:
- 58.9 %
- Total Revenue :
- Rs. 1229.822 Cr
- Additional Contribution Through Auction:
- Rs. 956.889 Cr