PANJIM: The iron ore
e-auction process continued to get poor response, with merely 25 percent of the
identified ore getting sold in the 15th phase of e-auction held on
Wednesday.
Of the 21 lakh tonnes of ore
identified for e-auction, only 5.46 lakh tonnes got sold, fetching around Rs
44.41 crore. Nearly 15.6 lakh tonnes of ore, comprising 74 lots remained
unsold.
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In a bid to attract more
participation, DMG had slashed the minimum earnest money deposit (EMD) to Rs 1 lakh for bidding up to 5000 metric tonnes from
the earlier Rs 25 lakh for bidding up to 1000 metric tonnes of ore.
Of the 15 million tonnes of
ore identified for e-auction, 7.71 million tonnes are still stacked awaiting
auction.
In the last two years, DMG
has managed to e-auction only 7.29 million tonnes of ore, of which 7
million tonnes have been moved out of the site. Nearly 46 lakh tonnes of ore have
been exported.
