Aditya Birla group exits race to acquire Northern Iron
Talking about the project, NFE said that its production was negatively impacted by two reasons in the last quarter and it has rectified them.
Besides, it is aiming to bring down its cash operating cost to USD 70-76 per tonne in the current quarter, from July-September quarter's USD 83 per tonne levels.
Essel Mining and Industries was set up in 1950 and is amongst India's largest iron ore mining companies. The company has iron ore mines in mineral-rich Barbil-Barajamda belt of Odisha.
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