Supreme Court-appointed CEC recommends new system in order to facilitate speedy supply of iron ore to steel mills

In an attempt to speed up supply of iron ore to steel mills, the central empowered committee (CEC) has decided to conduct advance e-auction of iron ore produced by state-run miner NMDC Ltd. The CEC, in consultation with company officials, has finalised a detailed structure for advance e-auction, which will come into effect from March 8.