India: Kashvi Power wins Jajang iron ore block in Odisha auction
Kashvi Power and Steel Pvt Ltd has emerged as the highest bidder for the Jajang-A Iron and Manganese block auction offering a premium of 127.01%. The block, of around 0.68 square kilometres, is located in Keonjhar district of Odisha and has geological resources of 16.05 mnt iron ore. The mine comprises deposits of average-grade Fe 50.68%.