Vedanta Limited Declared Preferred Bidder for Critical Mineral Blocks in Arunachal Pradesh and Karnataka

Vedanta Limited has been declared as the preferred bidder for the Depo Vanadium and Graphite Block in Arunachal Pradesh and the Sanyasikoppa Cobalt, Manganese and Iron Block in Karnataka. The declaration came via a notification dated November 07, 2024, hosted on the MSTC e-commerce auction portal around 10:30 am IST. The Depo Vanadium and Graphite Block is at G3 level of exploration with a total area of 104.65 hectares, and the Sanyasikoppa Cobalt, Manganese and Iron Block is at G4 level of exploration with a total area of 1055.64 hectares. The grant of Composite Licenses by the Government of India in respect of these mines is subject to making of necessary payments, completion of terms and conditions, and obtaining necessary approvals, permissions, clearances, and executing necessary agreements.