Vedanta Limited wins Radhikapur West Coal Block

Vedanta Limited emerged as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha at a distance of about 190 km from the Company's Jharsuguda Aluminium Smelter. The coal block is an optimal fit for the Jharsuguda smelter given its logistical location and annual capacity. The mine has total reserves of 312 million tonnes and an approved per annum extraction capacity of 6 million tonnes. Once operational, it will provide fuel security, improve power availability and further strengthen the Company's Aluminium and Power operations and performance.

Shares of Vedanta Limited was last trading in BSE at Rs.162.05 as compared to the previous close of Rs. 160.15. The total number of shares traded during the day was 2297586 in over 11794 trades.

The stock hit an intraday high of Rs. 162.45 and intraday low of 156.1. The net turnover during the day was Rs. 367356409.

Source : Equity Bulls

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