The first ever advance e-auction, held on March 8, witnessed bidding for close to half a million tonnes of iron ore by large steel mills

Advance e-auction for NMDC's iron ore has started off on a promising note with steel mills lapping up the entire lot of iron ore fines put on auction last month. With the new system coming into place, the public sector miner has increased production of iron ore at two of its mines in Bellary district, giving much needed relief to steel mills.