Vedanta Ltd has said it has been declared the final bidder for two copper mining blocks in Maharashtra’s Chandrapur district.
According to the mining and metals major, it has been granted two copper composite licences (prospecting license-cum-mining leases) for the blocks.
In a communication to the BSE, the company said the Maharashtra government had invited bids for the licences on February 1 through an e-auction.
The company participated in the forward e-auction and, after being technically qualified, was declared the preferred bidder for the blocks.
The statement added that the blocks, located in Thanewasna and Dubarpeth, are spread over 768.62 hectares and 816.29 hectares respectively. They require extensive exploration, which will commence in due course.
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