Vedanta Limited Declared Preferred Bidder for Two Copper Blocks
Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL)
US:NYSE Investor Relations:
vedantalimited.com/investor-relations.aspx
Company Research
Source: PR Newswire
MUMBAI, India, May 21, 2019 /PRNewswire/ -- The Government of Maharashtra had invited bids for grant of two Copper Composite Licenses (Prospecting License cum Mining Leases) on February 1, 2019 through e-auction. These Copper blocks namely Thanewasna and Dubarpeth have 768.62 ha and 816.29 ha area respectively in Chandrapur district, Maharashtra. The Company participated in the forward e-auction and after being technically qualified has been declared as the Preferred Bidder for these two Blocks.The block requires extensive exploration and the process will commence in due course.About Vedanta Limited Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world's leading diversified natural resource companies with business operations in India, South Africa, Namibia and Australia. Vedanta is a leading producer of Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Aluminium, Steel and Commercial Power.Governance and Sustainable Development are at the core of Vedanta's str
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