Vedanta Share Price in Focus; Declared Preferred Bidder for Punnam Manganese Block in Andhra Pradesh

Vedanta Limited has emerged as the preferred bidder for the Punnam Manganese Block in Andhra Pradesh. The declaration, received on September 18, 2025, marks another milestone in Vedanta’s strategy to expand its mineral resources and strengthen its presence in India’s mining sector.

Details of the Auction

The Department of Mines & Geology, Government of Andhra Pradesh, invited bids on July 10, 2025, for the Punnam Manganese Block through an e-auction. After qualifying at the initial stage, Vedanta participated in the live auction process and was declared the preferred bidder on September 18, 2025.

Punnam Manganese Block Overview

• Location: Andhra Pradesh
• Exploration Level: G4 stage
• Total Area: 152 hectares
• License Type: Composite License

The block’s allocation is significant for Vedanta as it adds to its diversified mining portfolio.

Next Steps in the Process

The grant of the Composite License remains subject to:

• Submission of Performance Bank Guarantee
• Fulfillment of tender terms and conditions
• Obtaining required government approvals and clearances
• Execution of agreements and deeds with the State Government

These steps will ensure Vedanta formally secures rights to develop and operate the manganese block.

Strategic Importance for Vedanta

Manganese is a critical raw material for the steel industry, playing a vital role in alloy production. Securing this block will not only help Vedanta enhance its raw material security but also strengthen India’s domestic mineral resource base at a time when the country is focusing on reducing import dependency.

Vedanta Share Price Performance

As of 19th September 2025, 10:07 AM, shares of Vedanta Limited were trading at ₹457.75, up 0.46% (₹2.10) from the previous close of ₹455.65. The stock opened at ₹458.00, touched an intraday high of ₹458.50 and a low of ₹454.30, with a volume-weighted average price (VWAP) of ₹456.51, indicating steady investor interest around current levels.

Read More: Vedanta Share Price in Focus; Expands Aluminium Footprint in Odisha.

Conclusion

The declaration of Vedanta as the preferred bidder for the Punnam Manganese Block underscores the company’s growing influence in India’s mining sector. Once the required approvals and agreements are completed, the project will mark a step forward in Vedanta’s strategy to secure key mineral resources and support India’s industrial growth.

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