Vedanta has been declared as a preferred bidder for Bicholim mineral block in Goa. The company has been declared as 'preferred bidder' in respect of e-auction of Block I - Bicholim Mineral Block based on highest final price offer of 63.55 per cent.
Earlier, Goa had invited tenders to participate in electronic auction for grant of mining lease in respect of iron ore mines in the state. The grant of mining lease by the Government of Goa in respect of aforesaid mine will be subject to making of necessary payments, completion of other terms and conditions of the tender document, obtaining of necessary approvals from various government departments and execution of necessary agreements in the matter.
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.
