Team News Riveting
Mumbai, September 15
Vedanta Limited has emerged as the highest bidder for Ghogharpalli and its dip extension coal block in Sundargarh district of Odisha.
“Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform
you that the Company has been declared as the highest bidder for Ghogharpalli and its Dip Extension coal block, located in Sundargarh district, Odisha under Tranche V of commercial coal block auction conducted by Ministry of Coal,” Vedanta Limited said in a regulatory filing today.
The coal block is an optimal fit for the Company’s Jharsuguda smelter given its logistical location and annual capacity. The mine has total reserves of 1,288 million tonnes and an estimated per annum capacity of 20 million tonnes.
Once operational, it will provide fuel security, improve power availability and further strengthen the company’s aluminium operations and performance, the company said.
