Vedanta has been declared as 'preferred bidder' for Depo Vanadium and Graphite block in Arunachal Pradesh and Sanyasikoppa Cobalt, Manganese and Iron block in Karnataka.   

The Depo Vanadium and Graphite block is at G3 level of exploration with a total area of 104.65 hectares, and Sanyasikoppa Cobalt, Manganese and Iron Block is at G4 level of exploration with total area of 1,055.64 hectares for the block. The highest final price offer was at 2.55 percent, and 45.00 percent respectively.

Similarly, Oil India (OIL) has been chosen as the preferred bidder for the Phop Graphite and Vanadium Block located in Arunachal Pradesh.

The Ministry of Mines, Government of India for Tranche IV of Critical Mineral Block auctions, had invited tenders for the blocks, and the company had participated in the live e-auction for grant of the composite licenses.