The Business Bytes
TBB BUREAU
NEW DELHI, FEB 15, 2023
Billionire Anil Agarwal-led Vedanta Limited has been declared as the preferred bidder for Sijimali bauxite block, located in Rayagada and Kalahandi districts of Odisha, under the mineral block auction conducted by the Government of Odisha.
The block has estimated reserves of 311 million tonnes of bauxite.
The block is a strategic fit for Vedanta given its size, location, and bauxite quality.
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia.
