Vedanta Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ), as amended - Declaration of Successful Bidder for Depo Graphite Vanadium Block under Critical Mineral Auctions Tranche IV conducted by the Ministry of Mines, Government of India'.
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Awaiting price reaction for this filing.
Vedanta Limited has been declared a successful bidder for the Depo Graphite Vanadium Block under the Critical Mineral Auctions Tranche IV conducted by the Ministry of Mines, Government of India. The company informed the stock exchange about this development as part of its disclosure obligations under SEBI Listing Regulations. This win gives Vedanta rights over a block containing graphite and vanadium, both classified as critical minerals important for clean energy, batteries, and steel industries. The financial value of the bid and specific terms have not been disclosed in this filing.
Positive for Vedanta's diversification into critical and future-facing minerals, supporting India's self-reliance push in strategic raw materials. The long-term impact on revenue will depend on the size of the reserves and future production plans, which may be announced later.