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Vedanta gains on winning Gold Mine lease in Chhattisgarh

01 Mar 2016 Evaluate

Vedanta is currently trading at Rs. 71.50, up by 0.65 points or 0.92% from its previous closing of Rs. 70.85 on the BSE.

The scrip opened at Rs. 71.40 and has touched a high and low of Rs. 71.90 and Rs. 70.60 respectively. So far 3,45,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 233.45 on 11-May-2015 and a 52 week low of Rs. 58.10 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 76.65 and Rs. 69.35 respectively. The current market cap of the company is Rs. 21,153.00 crore.

The promoters holding in the company stood at 64.57% while Institutions and Non-Institutions held 24.39% and 11.04% respectively.

Vedanta has participated in the forward auction of Baghmara Gold block on February 26, 2016 after being technically qualified in an e-auction and has been declared as the successful bidder for Gold Mines at royalty of 12.55% of value of mineral dispatched. Baghmara Gold block in the state of Chhattisgarh (6.08 sq.km) was put on auction as composite licence (Prospecting License cum Mining Lease).

The winning bidder has to submit a performance bank guarantee of Rs 1.60 crore and invest in exploration. The block requires extensive exploration and the process will commence in due course.

Vedanta is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil & gas. The Company produces oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.


Vedanta Share Price

787.60 4.85 (0.62%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1038.95
Vedanta 787.60
Hindustan Zinc 592.35
Jain Resource Recycl 420.90
Gravita India 1639.80
View more..

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