Vedanta has been declared as 'Preferred Bidder' for the Kauhari Diamond Block (on highest Final Price Offer of 1.10%). The Department of Geology & Mining, Government of Madhya Pradesh vide its ‘Notice Inviting Tender' dated November 25, 2024 for Kauhari Diamond Block, had invited tenders to participate in e-auction for grant of Composite License in respect of Kauhari Diamond Block in the State of Madhya Pradesh. The Company had participated in the live E-auction for grant of the stated Composite License.
As per the tender document, the Kauhari Diamond Block is at G4 level of exploration with total area of 643.4169 hectares for the block. The grant of Composite License by the Government of India in respect of aforesaid mines shall be subject to making of necessary payment of Performance Bank Guarantee, completion of other terms and conditions of the Tender Document, obtaining of necessary approvals/ permissions/ clearances from various Government Departments / Agencies and execution of necessary agreements/deeds 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.
