MoneyWorks4Me

Vedanta declared as preferred bidder for two copper mines in Maharashtra

22 May 2019 Evaluate

Vedanta has been declared as the preferred bidder for two copper mines in Maharashtra. The copper blocks, namely Thanewasna and Dubarpeth, are in Chandrapur district of Maharashtra.

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. The company participated in the forward e-auction and after being technically qualified has been declared as the preferred bidder for these two blocks.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
View more..