Vedanta Wins Bid For Kauhari Diamond Block In Madhya Pradesh

Vedanta Ltd. has been declared the preferred bidder for the Kauhari Diamond Block in Madhya Pradesh. The company secured the bid with a final price offer of 1.10%, marking a strategic move into the diamond mining sector.

The mine spans 643.4169 hectares and is currently at the G4 exploration stage, indicating an early-phase assessment of its mineral potential.

Vedanta’s Bid and Regulatory Process

Vedanta emerged as the highest bidder in the auction process conducted by the Madhya Pradesh government for the grant of a composite licence for the Kauhari Diamond Block. 

The company’s selection as the preferred bidder is contingent upon meeting several regulatory requirements, including the payment of a performance bank guarantee, fulfilment of tender conditions, and obtaining necessary approvals from various government bodies. The finalisation of the licence will also require the execution of necessary agreements.

Exploration and Future Prospects

The G4 level of exploration indicates a reconnaissance stage, which involves large-scale geological mapping and airborne geophysical surveys to identify potential mineral deposits. This is an initial phase of exploration, and further assessment will determine the economic viability of diamond extraction from the block. 

As a leading global natural resources and technology conglomerate, Vedanta operates across India, South Africa, Liberia, and Namibia, and this move strengthens its position in the mining sector.

Vedanta Share Performance

As of February 24, 2025, at 9:20 AM, the shares of Vedanta are trading at ₹433.55 per share, reflecting a decline of 1.04% from the previous day’s closing price. Over the past month, the stock has registered a loss of 1.89%. The stock’s 52-week high stands at ₹526.95 per share while its 52-week low is ₹249.50 per share.

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