Vedanta declared preferred bidder for bauxite block in Odisha

15 Feb 2023 CW Team

Vedanta said that it has been declared as preferred bidder for a bauxite block in Odisha. Sijimali bauxite block is located in Rayagada and Kalahandi districts of Odisha.

"Vedanta has been declared as the preferred bidder for Sijimali bauxite block... under the mineral block auction conducted by the government of Odisha," the company said in a filing to BSE.

The mine is a strategic fit for Vedanta given its size, location, and bauxite quality, the company said, adding that the block has an estimated reserves of 311 million tonnes of bauxite.

Vedanta, a subsidiary of Vedanta Resources, is a diversified global natural resources company with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, and aluminium and power across India, South Africa and Namibia.

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