Vedanta declared preferred bidder for Janthakal iron ore mine in Karnataka
Vedanta Limited has been declared the preferred bidder for the Janthakal Iron Ore Mine in Karnataka, as per a notification received on July 22, 2025. The company informed stock exchanges today under Regulation 30 of SEBI (LODR) regulations.
The Department of Mines & Geology, Government of Karnataka, had invited tenders through its Notice Inviting Tender dated October 3, 2024, to auction the mining license for the Janthakal Iron Ore block. After qualifying at the initial bid stage, Vedanta participated in the live e-auction process and emerged as the highest bidder.
The Janthakal Iron Ore Mine, located in Karnataka, spans an area of 71.16 hectares and is classified as a G3-level exploration block.
Vedanta clarified that the final grant of the mining license is subject to the company meeting the conditions outlined in the tender document. This includes submission of the performance bank guarantee, securing necessary approvals and clearances from government authorities, and executing required agreements.
The company stated it remains committed to fulfilling all formalities to move toward operationalizing the block.
For the record, the declaration of Vedanta as preferred bidder marks another step in the company's strategy to strengthen its iron ore resource base in India.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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