Vedanta declared as 'preferred bidder' for iron ore mining in Karnataka

Vedanta Ltd. has been declared as 'Preferred bidder' for the Janthakal Iron Ore Mine by the Government of Karnataka.

The government issued the ‘Declaration of Preferred Bidder’ notification on July 22, 2025.

On October 30, 2024, the Department of Mines & Geology, Government of Karnataka invited tenders to participate in the auction process for grant of Mining License in respect of Janthakal Iron Ore Mine in the State of Karnataka.


The company qualified at the initial bidding stage, followed by its participation in live E-auction for grant of the stated Mining License.

The mine is at G3 or preliminary level of exploration with total area of 71.16 hectares for the block.

"The grant of mining licence by the Government of Karnataka in respect of aforesaid mine shall be subject to making of necessary payment of performance bank guarantee, completion of other terms and conditions of the tender document, obtaining of necessary approvals/permissions/clearances from various government departments/agencies and execution of necessary agreements/deeds in the matter," Vedanta said.

Shares of Vedanta Ltd. were trading at Rs. 455 a piece at 15:31 PM on BSE after an intraday hike of 0.99%. Vedanta Ltd. is a subsidiary of Vedanta Resources Ltd.