Vedanta gains as its declared preferred bidder for Sijimali Bauxite Block in Odisha
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Vedanta is currently trading at Rs. 315.40, up by 2.45 points or 0.78% from its previous closing of Rs. 312.95 on the BSE.
The scrip opened at Rs. 315.10 and has touched a high and low of Rs. 316.70 and Rs. 314.15 respectively. So far 87924 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 440.75 on 11-Apr-2022 and a 52 week low of Rs. 206.10 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 316.70 and Rs. 307.65 respectively. The current market cap of the company is Rs. 117147.53 crore.
The promoters holding in the company stood at 69.69%, while Institutions and Non-Institutions held 19.01% and 11.31% respectively.
Vedanta has been declared as the preferred bidder for Sijimali Bauxite Block, located in Rayagada and Kalahandi districts of Odisha, under the mineral block auction conducted by the Government of Odisha. The block is a strategic fit for Vedanta given its size, location, and bauxite quality. The block has estimated reserves of 311 million tonnes of bauxite.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
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