Vedanta’s shares traded slightly higher at Rs. 458.15 on the BSE, marking a gain of 0.08% from its prior close of Rs. 457.80. The stock opened at Rs. 461.50 and fluctuated between Rs. 467.70 and Rs. 453.50 during the session, with a total of 711,646 shares exchanged.

This BSE Group ‘A’ stock, valued at Rs. 1 per share, recently touched a 52-week high of Rs. 523.60 on September 30, 2024, and a low of Rs. 230.65 on November 30, 2023. Over the past week, the stock ranged from a high of Rs. 476.30 to a low of Rs. 451.55, giving the company a current market capitalization of Rs. 1,79,310.84 crore. Promoters hold 56.38% of the company, with institutions and non-institutional investors owning 27.80% and 15.82%, respectively.

Vedanta has been designated as the 'Preferred Bidder' for two critical mineral blocks: the Depo Vanadium and Graphite Block in Arunachal Pradesh, and the Sanyasikoppa Cobalt, Manganese, and Iron Block in Karnataka. Vedanta secured these blocks through the government’s e-auction for Tranche IV of critical mineral blocks, with final price offers of 2.55% and 45.00% respectively.

The company participated in the auction to obtain composite licenses for both blocks, which cover areas of 104.65 hectares for the G3-level Depo block and 1,055.64 hectares for the G4-level Sanyasikoppa block. The next steps involve meeting performance bank guarantee requirements, regulatory approvals, and signing the necessary agreements.

Vedanta operates in diverse sectors, including oil and gas, metals, and power generation, producing resources like zinc, copper, aluminum, and iron ore.