Deals18 Sept 2025, 06:11 pm
Vedanta Ltd Wins 'Preferred Bidder' Status for Punnam Manganese Block in Andhra Pradesh
AI Summary
Vedanta Ltd has been declared as the 'Preferred Bidder' for the Punnam Manganese Block in Andhra Pradesh by the Department of Mines & Geology, Government of Andhra Pradesh. The block, which is at G4 level of exploration, covers a total area of 152 hectares. The grant of the Composite License by the Government of Andhra Pradesh 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.
Key Highlights
- Vedanta Ltd wins 'Preferred Bidder' status for Punnam Manganese Block
- Block is at G4 level of exploration with total area of 152 hectares
- Grant of Composite License subject to necessary payments and approvals
- Process includes completion of terms and conditions, obtaining clearances, and executing agreements