Usha Martin won the Brinda & Sasai block in the second set of auctions that started on March 4, 2015. The block reserved for the non-power sector was won by Usha Martin at Rs 1,804 a tonne. Bidding for the block had begun at Rs 1,802 a tonne.
The block has geological reserves of 61.75 million tonnes and is in Jharkhand. The previous owner of the block was Abhijeet Infrastructure.
Usha Martin is amongst the largest wire rope manufacturer in the world and a leading speciality steel producer in India. The wire rope manufacturing facilities located in India, UK, UAE, and Thailand produce one of the widest range of wire ropes in the world.
