Acquisitions14 Aug 2026, 02:19 pm
Vedanta Ltd Wins Punnam Manganese Block in Andhra Pradesh
AI Summary
Vedanta Ltd has been declared the successful bidder for the Punnam Manganese Block in Andhra Pradesh. The block, covering 152 hectares and currently at the G4 exploration stage, was acquired after fulfilling statutory compliances. This acquisition is expected to bolster Vedanta's metals and mining portfolio, contribute to India's domestic manganese supply, and reduce import dependency. The company received the official notification on August 13, 2026.
Key Highlights
- Vedanta secures Punnam Manganese Block in Andhra Pradesh.
- Acquisition strengthens diversified metals and mining portfolio.
- Aims to enhance domestic manganese availability.
- Reduces India's dependence on manganese imports.
- Block is 152 hectares and at G4 exploration stage.
Price Impact
More from VEDL