Vedanta Wins 2 Critical Mineral Blocks in Karnataka & Bihar
By Rediff Money Desk, New Delhi Jul 21, 2024 17:18
Vedanta Ltd has secured two critical mineral blocks in Karnataka and Bihar, the Gollarahatti-Mallenahalli Nickel Chromium and PGE Block and Genjana Nickel, Chromium and PGE Block.
New Delhi, Jul 21 (PTI) Vedanta Ltd on Sunday said that it has bagged two critical mineral blocks which were put on sale.
The blocks are in Karnataka and Bihar, the company said in a filing to the BSE.
"The company has been declared as preferred bidder' for the Gollarahatti-Mallenahalli Nickel Chromium and PGE Block and Genjana Nickel, Chromium and PGE Block," the filing said.
The mines ministry has put on sale the Gollarahatti-Mallenahalli Nickel Chromium and PGE Block in Karnataka -- at G4 level of exploration and Genjana Nickel -- Chromium and PGE Block in Bihar, which is at G3 level of exploration.
The exploration for any mineral deposit involves four stages -- reconnaissance survey (G4), preliminary exploration (G3), general exploration (G2) and detailed exploration (G1).
While one block was put on sale in the second round of critical minerals blocks auction the other one was put on auction in the third round.
The blocks are in Karnataka and Bihar, the company said in a filing to the BSE.
"The company has been declared as preferred bidder' for the Gollarahatti-Mallenahalli Nickel Chromium and PGE Block and Genjana Nickel, Chromium and PGE Block," the filing said.
The mines ministry has put on sale the Gollarahatti-Mallenahalli Nickel Chromium and PGE Block in Karnataka -- at G4 level of exploration and Genjana Nickel -- Chromium and PGE Block in Bihar, which is at G3 level of exploration.
The exploration for any mineral deposit involves four stages -- reconnaissance survey (G4), preliminary exploration (G3), general exploration (G2) and detailed exploration (G1).
While one block was put on sale in the second round of critical minerals blocks auction the other one was put on auction in the third round.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.66 ( -4.66)
- 114398013
- IFL Enterprises
- 1.32 ( -2.94)
- 99888386
- Vodafone Idea L
- 15.88 ( -2.46)
- 44202725
- Tata Teleservices (M
- 102.11 (+ 4.80)
- 28004764
- Franklin Industries
- 3.72 ( -4.62)
- 25845433
MORE NEWS
Purabi Dairy to Operate Assam Govt Dairy Plant
Purabi Dairy has partnered with the Assam government to operate a 5,000-liter daily...
IT Union Criticizes HCL's New Leave Policy
NITES, an IT workers' union, has criticized HCL Technologies' new policy linking leaves...
Coal India Ventures into Graphite Mining -...
Coal India Limited (CIL) has received a license to mine graphite in Madhya Pradesh,...