Vedanta shares in focus after being named preferred bidder for manganese block in Andhra Pradesh

Shares of metals and mining major Vedanta are expected to be in focus on Friday, September 19, after the company was declared the ‘Preferred Bidder’ for the Punnam Manganese Block in Andhra Pradesh.

The announcement comes as part of the auction process conducted by the Department of Mines and Geology, Government of Andhra Pradesh.

As per the company’s disclosure, the department had issued a ‘Notice Inviting Tender’ on July 10, 2025, calling for participation in the grant of a Composite License for the Punnam Manganese Block. Vedanta qualified in the initial bid stage and later took part in the live e-auction process.


“We wish to inform you that the Department of Mines & Geology, Government of Andhra Pradesh vide its ‘Notice Inviting Tender' dated July 10, 2025, had invited tenders to participate in the auction process for grant of Composite License in respect of Punnam Manganese Block in the State of Andhra Pradesh,” the company said in an exchange filing.

On September 18, Vedanta received the official notification declaring it as the ‘Preferred Bidder’ for the block. The Punnam Manganese Block is classified at the G4 level of exploration and covers a total area of 152 hectares.

The grant of the Composite License by the Andhra Pradesh government will be subject to several conditions.

These include payment of the required Performance Bank Guarantee, fulfilment of all terms and conditions outlined in the tender document, and obtaining necessary approvals, permissions, and clearances from various government departments and agencies.

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The license will also require the execution of relevant agreements and legal deeds.

On Thursday, shares of Vedanta closed flat at Rs 455.20 on the BSE.

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