Sesa Goa is reportedly looking to buy iron ore mines in Kolha-Roida, Orissa. The mine is owned by Orissa Minerals Development (OMDC), a company under the ministry of steel and a subsidiary of Rashtriya Ispat Nigam. Sesa Goa is one of the eleven companies and the biggest of the lot to have bid for development of Kolha-Roida mine which was tendered by OMDC in January 2011.
Kolha-Roida mine is spread over nearly 255 hectares (ha). It is the third-biggest mine in the company’s portfolio in terms of area covered. The other bidders include companies like Hyderabad-based Ramky Infrastructure and the mining arm of Kolkata-based Adhunik Metaliks. Sesa Goa had failed to renew a mining contract for Thakurani mine in Orissa in November last year.
Recently Sesa Goa had announced that the Honorable Supreme Court of India has, vide order dated February 07, 2011, upheld the order of single judge of high court of Bombay dated December 18, 2008 approving the Scheme of amalgamation of Sesa Industries with Sesa Goa with appointed date of April 01, 2005.
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