Rashtriya Ispat Nigam Limited Participated in E-Auctions for Allocation of Iron Ore Mines

by Psu Connect
Date: 27-03-23

Rashtriya Ispat Nigam Limited (RINL) has been participating in the e-auctions for allocation of iron ore mines

NEW DELHI- Rashtriya Ispat Nigam Limited (RINL) has been participating in the e-auctions for allocation of iron ore mines. However, it has not been able to get any iron ore mines through e-auction route.

The cost of iron ore procured by RINL during the last 4 years are as under: -

Particulars	2019-20	2020-21	2021-22	2022-23 (up to December, 2022)
Cost of Iron Ore (as per Profit & Loss Statement) (Rs. in Cr)	3867.84	4090.62	7213.17	2882.33

RINL has requested State Governments viz. Odisha, Chhattisgarh and Andhra Pradesh for recommending reservation of iron ore deposit under 17A(2A) of MMDR Act, 2015, to Ministry of Mines, Government of India. Ministry of Steel has also requested State Government of Odisha for allocation of an iron ore block in favour of RINL through reservation route.

This information was given by the Union Minister of State for Steel and Rural Development, Shri Faggan Singh Kulaste, in a written reply in the Rajya Sabha On 27 March- 2023.