Rashtriya Ispat Nigam Limited Participated in E-Auctions for Allocation of Iron Ore Mines
Rashtriya Ispat Nigam Limited (RINL) has been participating in the e-auctions for allocation of iron ore mines
Rashtriya Ispat Nigam Limited Participated in 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.
Read Also : HUDCO signs MoU with Surat Integrated Transportation Development CorporationNews Must Read
- HUDCO signs MoU with Surat Integrated Transportation Development Corporation
- RVNL emerges lowest bidder from South East Railway to receive electronic interlocking order
- BPCL Q4 results, Consolidated net profit falls 30% to Rs 4,789 crore
- India on track to achieve solar power generation sustainability
- HPCL Q4 FY24 net profit falls 25% YoY to Rs 2,709 crore
- IREDA incorporates subsidiary in GIFT City, Gujarat
- NTPC Successfully Demonstrates 20% Torrefied Biomass Co-Firing
- NTPC Green Energy Limited Inks MoU with MAHAPREIT
- Canara Bank Q4 results, Net Profit up by 18.33% YoY
- Indian Coast Guard inks MoU with Jindal Steel for indigenous marine grade steel