Vedanta Limited Emerges as 'Preferred Bidder' for Kauhari Diamond Block in Madhya Pradesh

Vedanta Limited has been declared as the 'Preferred Bidder' for the Kauhari Diamond Block in Madhya Pradesh. The company participated in the live E-auction for grant of the Composite License and was successful with a highest Final Price Offer of 1.10%. The Kauhari Diamond Block, which is at G4 level of exploration, spans over 643.4169 hectares. The grant of the Composite License is subject to making of necessary payment of Performance Bank Guarantee, completion of other terms and conditions of the Tender Document, obtaining of necessary approvals/permissions/clearances from various Government Departments / Agencies and execution of necessary agreements/deeds in the matter.