The company had participated in the forward e-auction and after being technically qualified has been declared as the Preferred Bidder for these two Blocks.
Vedanta in its filing to the exchanges informed that the company has emerged as preferred bidder for two copper blocks in Maharashtra. Reacting to this, shares of the company gained ~1% on Wednesday.
The government of Maharashtra had invited bids for grant of two copper composite licenses (Prospecting License cum Mining Leases) on February 1, 2019, through e-auction, the company said in a press note after markets hours to the exchange on Tuesday.
These Copper blocks namely Thanewasna and Dubarpeth has 768.62 ha and 816.29 ha area, respectively in Chandrapur district, Maharashtra.
"The company had participated in the forward e-auction and after being technically qualified has been declared as the Preferred Bidder for these two Blocks," the company added.
Vedanta Ltd's share price is currently at Rs166.40, up by Rs0.95 or 0.57%, from its previous close of Rs165.45 on the BSE.
The scrip opened at Rs165.50 and has touched a high and low of Rs167.10 and Rs164.70, respectively. So far, 23,10,175 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs61,500.98cr.
Call on:9977499927
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
The government of Maharashtra had invited bids for grant of two copper composite licenses (Prospecting License cum Mining Leases) on February 1, 2019, through e-auction, the company said in a press note after markets hours to the exchange on Tuesday.
These Copper blocks namely Thanewasna and Dubarpeth has 768.62 ha and 816.29 ha area, respectively in Chandrapur district, Maharashtra.
"The company had participated in the forward e-auction and after being technically qualified has been declared as the Preferred Bidder for these two Blocks," the company added.
Vedanta Ltd's share price is currently at Rs166.40, up by Rs0.95 or 0.57%, from its previous close of Rs165.45 on the BSE.
The scrip opened at Rs165.50 and has touched a high and low of Rs167.10 and Rs164.70, respectively. So far, 23,10,175 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs61,500.98cr.
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Intraday stock tips, Financial Advisory Company ,Derivative Free Trial,Stock tipsCall on:9977499927
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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