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Auction of working mines in Odisha kicked off today with JSW Steel emerging as the highest bidder for the massive Nuagaon iron ore block with a bid of 95.2 per cent. This is the first of 19 iron ore mines that are up for grabs before their leases expire on 31 March 2020 Bidding for the block, larger than all the rest of them put together, started with a floor price of 89.4 per cent of sale price.

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