Economy · India

Coal India enters iron ore mining in Odisha

State-run Coal India has entered the iron ore mining sector by winning the bid for the Gadadharpur block in Odisha. The company offered a 114% premium for the block. This move marks Coal India's diversification into a sector where NMDC is a dominant player. Separately, the state of Odisha has issued warnings to iron ore miners and steelmakers regarding grade manipulation.

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