Vedanta Limited has been declared as the preferred bidder for Sijimali bauxite block, located in Rayagada and Kalahandi districts of Odisha, under the mineral block auction conducted by the Government of Odisha.
The block is a strategic fit for Vedanta given its size, location, and bauxite quality. The block has an estimated reserves of 311 million tonnes of bauxite.
Shares of Vedanta Limited was last trading in BSE at Rs. 308.05 as compared to the previous close of Rs. 310.90. The total number of shares traded during the day was 371970 in over 7946 trades.
The stock hit an intraday high of Rs. 314.00 and intraday low of 307.50. The net turnover during the day was Rs. 115594409.00.