Share This Article
Anil Agarwal-led Vedanta Ltd has emerged as the preferred bidder for a diamond mining block in Madhya Pradesh. On Friday, the company announced that it had won the competitive tender for the Kauhari Diamond Block, a promising mining site offered through an e-auction by the Department of Geology and Mining, Government of Madhya Pradesh.
The Kauhari Diamond Block covers an extensive area of 643.4169 hectares and is currently at the G4 level of exploration, as per the tender document. Vedanta participated in the live e-auction and emerged as the highest bidder, securing the block with a final price offer of 1.10 percent. Following a notification issued on February 20, 2025, Vedanta was officially declared the ‘preferred bidder’ for the composite licence of the diamond block.
This win further strengthens Vedanta’s footprint in the mining sector, particularly in the diamond industry. The grant of the licence, however, is contingent on the fulfillment of necessary payments and securing various regulatory approvals.
Vedanta’s victory in Madhya Pradesh follows a similar success by its group company, Hindustan Zinc, which won a composite licence for a gold mining block in Rajasthan through state government auctions in November 2024.
The acquisition of the Kauhari Diamond Block marks an important step for Vedanta as it expands its mineral exploration efforts in India, positioning itself as a significant player in the diamond mining industry. The company’s focus on securing valuable mining blocks underscores its long-term strategy to grow and diversify its mining portfolio.
