<h1>BALCO, Subsidiary of Vedanta, Declared Preferred Bidder for Strategic Karlapat Bauxite Block in Odisha</h1>
Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta Aluminium Metal Limited, has been designated as the Preferred Bidder for the Karlapat bauxite block. This outcome follows an auction process conducted by the Directorate of Mines and Geology, Government of Odisha.
The tender invitations were issued by the state government on May 29, 2026, inviting bids to participate in the grant of a Mining Lease for the specified block in Odisha. After participating in the live e-auction and qualifying at the initial bid stage, BALCO was officially declared the Preferred Bidder on August 7, 2026.
The Karlapat Bauxite Block holds significant mineral potential for Vedanta Aluminium Metal Limited’s operations. As per the tender documents, the block is currently at G2 level of exploration. The total area of the block spans 1,822.61 hectares and has estimated mineral reserves amounting to approximately 248 Million Tonnes.
Securing this lease fits into the strategic backward integration requirements for the Company's business, providing a crucial resource asset for Vedanta Aluminium Metal Limited.
VAML Stock Price Movement
Vedanta Aluminium Metal Limited shares today slipped by 2.42% to settle at ₹470.05, amidst selling pressure throughout the session. The stock traded heavily on a volume of 7.68 million shares, closing near its day low of ₹468.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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