Vedanta Limited Wins Bidding for Critical Mineral Blocks in Karnataka and Bihar
Sunday, 21 July 2024, 11:55
Vedanta Limited Secures Two Critical Mineral Blocks
In a significant development, Vedanta Limited has emerged as the preferred bidder for two important mineral blocks in Karnataka and Bihar. These blocks include the Gollarahatti-Mallenahalli Nickel Chromium and PGE Block and the Genjana Nickel, Chromium and PGE Block.
Details of the Acquisitions
- The blocks were offered for auction by the mines ministry.
- One block is at the G4 level of exploration.
- The other block is at the G3 level of exploration.
These bids were part of the second and third rounds of critical minerals blocks auctions. With this acquisition, Vedanta aims to strengthen its portfolio and respond to the increasing demand for essential minerals.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.