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Vedanta Limited Declared Preferred Bidder for Two Copper Blocks

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MUMBAI, India, May 21, 2019 /PRNewswire/ -- 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. These Copper blocks namely Thanewasna and Dubarpeth have 768.62 ha and 816.29 ha area respectively in Chandrapur district, Maharashtra. The Company participated in the forward e-auction and after being technically qualified has been declared as the Preferred Bidder for these two Blocks.

Vedanta Limited Logo

The block requires extensive exploration and the process will commence in due course.

About Vedanta Limited

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world's leading diversified natural resource companies with business operations in India, South Africa, Namibia and Australia. Vedanta is a leading producer of Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Aluminium, Steel and Commercial Power.

Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. The company is conferred with CSR Leadership Award for Sports Development (Vedanta Sports) & Best CSR Initiatives Award for Project Nand Ghar by ET Now.

Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.

For more information please visit www.vedantalimited.com

Vedanta Limited
Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai - 400 099
www.vedantalimited.com

Registered Office:
Regd. Office: 1st Floor, 'C' wing, Unit 103,
Corporate Avenue, Atul Projects,
Chakala, Andheri (East),
Mumbai – 400 093
CIN: L13209MH1965PLC291394

Disclaimer

This press release contains "forward-looking statements" – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

For further information, please contact:

Communications
Arun Arora
Head, Corporate Communications
Tel: +91-124-459-3000
gc@vedanta.co.in  

Investor Relations
Rashmi Mohanty
Director – Investor Relations
Tel: +91-22-6646-1531
vedantaltd.ir@vedanta.co.in 

Sneha Tulsyan
Associate Manager – Investor Relations

 

Cision View original content:http://www.prnewswire.com/news-releases/vedanta-limited-declared-preferred-bidder-for-two-copper-blocks-300854012.html

SOURCE Vedanta Limited

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