Vedanta has been declared as the preferred bidder for the iron ore mine in the auction held by the Department of Mines & Geology, Goa, on 25 January, 2023.
The company has successfully bid for the Block VII-Cudnem Mineral Block in Goa. In the bid, Vedanta quoted the highest final offer price, which is 93.15 percent.
Vedanta is a natural resources conglomerate engaged in aluminium, zinc-lead-silver, oil and gas, nickel and similar sectors. The company has footprints across India, South Africa, Namibia and Liberia.