On Friday, Vedanta Ltd. said that it had been selected as the “preferred winner” for the block I of the Bicholim mineral block in Goa.
“The Company has been declared as ‘Preferred Bidder’ in respect of e‐ auction of Block I ‐ Bicholim Mineral Block based on highest Final Price Offer of 63.55%submitted by the Company. As per the tender document, Block I ‐ Bicholim Mineral Block has Resources of 84.92 million ton,” Vedanta stated in its corporate filing.
Having interests in zinc, lead, silver, iron ore, steel, copper, aluminium, electricity, oil, and gas, Vedanta is a widely diversified natural resources business with operations across the globe.
This news is written by Ms. Amrita Singh, Research Assistant, All India Legal Forum.