Kirloskar Ferrous Industries Declared Preferred Bidder in Electronic Auction of Jambunatha Iron Ore Mine

Kirloskar Ferrous Industries Ltd has been declared as the preferred bidder by the Government of Karnataka for the Jambunatha Iron Ore Mine. This declaration came after the company submitted the highest final price offer in the electronic auction conducted on 27th January 2025. The grant of the mining lease is subject to making necessary payments, completion of other terms and conditions of the Tender Document, obtaining of necessary approvals / permissions / clearances from various Government Departments / Agencies and execution of necessary agreements / deeds in relation thereto.