Mundra Aluminium (MAL) has been declared as ‘preferred bidder’, and a letter of intent (LoI) has been issued to the company in regard to a mineral block in Odisha.
The Ballada bauxite block is located at Nandapur in Koraput district of Odisha and has a total geological resource/reserve of 22.13 million tonne.
MAL had participated in the auction proceedings invited by the government of Odisha.
MAL is a wholly-owned subsidiary of Adani Enterprises and, is engaged in the mining, refining, smelting, development, production and operations of bauxite, alumina and aluminium resources.