Coal India Ltd Awarded Iron Ore Block in Odisha

Coal India Limited has been declared the Preferred Bidder for the Gadadharpur Iron Ore Block in Kendujhar district, Odisha. The contract involves a mining lease with an auction premium of 114.05% of the mineral value dispatched to the Government of Odisha. The block has a total resource of 288 MT and is at the G3 exploration stage. The execution of the mining lease deed is expected within three years. This award signifies Coal India's expansion into iron ore mining operations.