Bhushan Steel secures Kalmong west iron ore mine in auction

Tata Steel BSL Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500055 | NSE: TATASTLBSL

19 May 2017 Evaluate

Bhushan Steel (BSL) has bagged the Kalmong west iron ore mine in Sundergarh district in an auction for the property which saw some aggressive bidding by country’s top notch steel companies. BSL, which finally won the bid, runs a 4.7 million tonne integrated steel plant at Meramundali in Dhenkanal district of Odisha.

The companies which participated in the bid for the mine, having a reserve of 92 million tonne, included Tata Steel, JSW, Jindal Steel and Power (JSPL), Tata Sponge and two Bhushan firms- Bhushan Steel and Bhushan Power and Steel.

Peers

Company Name	CMP
JSW Steel	1267.50
Tata Steel	182.85
Steel Authority	179.00
Jindal Stainless	755.20
APL Apollo Tubes	2153.00
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