Vedanta Aluminium Metal (VAML) — Announcement

📢 Key Event
BALCO declared Preferred Bidder for Karlapat bauxite block

💡 Investor Takeaway
This positions Vedanta for future raw material security and potential cost advantages in aluminium production.

Vedanta Aluminium Metal Limited announced that its subsidiary BALCO was declared the Preferred Bidder for the Karlapat bauxite block in Odisha following an auction conducted by the State of Odisha. The block spans 1,822.61 hectares and holds estimated reserves of ~248 Million Tonnes, supporting backward integration for the company's operations.

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About Vedanta Aluminium Metal Limited (VAML)

Metals & Mining · Non Ferrous Metals · Listed on NSE

Market Cap: ₹1,70,043.22 Cr

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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