Team News Riveting
Panaji, December 23
Vedanta Limited has been declared as ‘Preferred Bidder’ in respect of e‐auction of Block I ‐ Bicholim Mineral Block in Goa.
“As per the notice dated 22nd December, 2022 issued by the Directorate of Mines & Geology, Government of Goa, the Company has been declared as ‘Preferred Bidder’ in respect of e‐auction of Block I ‐ Bicholim Mineral Block based on highest Final Price Offer of 63.55 per cent submitted by the Company,” Vedanta Limited said in a regulatory filing today.
The Government of Goa vide its ‘Notice Inviting Tender’ dated September 30, 2022, had invited tenders to participate in electronic auction for grant of Mining Lease in respect of iron ore mines in the State of Goa. The Company had submitted its bid in electronic auction for grant of Mining Lease.
As per the tender document, Block I ‐ Bicholim Mineral Block has Resources of 84.92 million ton. The grant of Mining Lease by the Government of Goa in respect of aforesaid mine shall be subject to making of necessary payments, completion of other terms and conditions of the Tender Document, obtaining of necessary approvals / permissions / clearances from various Government Departments / Agencies and execution of necessary agreements/deeds in the matter.
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil and Gas and Metals company with significant operations in Oil and Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium and Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta’s strategy, with a strong focus on health, safety, and environment.
