Posted on 13 Jun 2023
Vedanta has been declared the "preferred bidder" of an iron ore mine in Goa in an electronic auction, the former informs in a note seen by Kallanish.
According to the company, it has bagged the iron ore mine in Block VII, Cudnem Mineral Block, Goa, based on the highest final price offer of 93.15% submitted by the company.
The grant of a mining lease by the Government of Goa in respect of the aforesaid mine shall be subject to the making of necessary payments, Vedanta informs. Also, after the completion of other terms and conditions of the tender document, the company will secure the necessary approvals, permissions, clearances from various government departments and agencies and the execution of necessary agreements and deeds in the matter.
Vedanta is one of the world's largest natural resources conglomerates, with primary interests in aluminium, zinc-lead-silver, oil and gas, iron ore, steel, copper, power, ferroalloys, and nickel.
Source:Kallanish
