Vedanta Declared Preferred Bidder for Karnapodikonda Bauxite Block in Odisha

VedantaLimited informed the exchanges that it has been declared the preferred bidder for the Karnapodikonda bauxite block. The declaration follows a competitive auction process conducted by the Government of Odisha.

The tender document specifies that the Karnapodikonda bauxite block spans 532.747 hectares. The exchange filing noted that the block is at the G2 level of exploration.

"The block fits into strategic backward integration for Company’s Aluminium business," Vedanta Limited stated in the filing.