Vedanta Limited (NSE: VEDL), India’s leading natural resources and critical minerals company has been declared as the Preferred Bidder for the Janthakal Iron Ore Mine in Karnataka. The company emerged successful in the e-auction process conducted by the Department of Mines & Geology, Government of Karnataka.
The Janthakal block spans 71.16 hectares and is categorized as a G3 level exploration site. The award is subject to subsequent approvals, clearances, and fulfilment of conditions laid out in the tender.
This development reinforces Vedanta’s strategic focus on securing key mineral resources to support India’s industrial growth and self-reliance in raw materials.
During the quarter, Hindustan Zinc Limited (a Vedanta Group company) company secured two critical mineral blocks, Potash in Rajasthan and Rare Earth Elements (REEs) in Uttar Pradesh.