Bhubaneswar: The State Cabinet, which met under Chairmanship of Chief Minister Naveen Patnaik on Saturday, approved a proposal of the Steel and Mines department to allow the Odisha Mining Corporation (OMC) Limited to sell the entire quantity of bauxite ore meant for sale through national e-auction for the financial year 2020-21 to long term linkage supplier, Vedanta Ltd. The sale price will be Rs 1000 per metric tonne.
OMC will also provide an undertaking to pay the differential rate as stipulated by the Orissa High Court. This shall be done as one-time measure limited to FY 2020-21, said Chief Secretary Suresh Mohapatra.
A total of 16 proposals were approved by the State Cabinet during today’s meeting