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What is the story about?
Vedanta has been declared the successful bidder for the Punnam Manganese Block in Andhra Pradesh after fulfilling the required statutory compliances, the company said in an exchange filing on Friday, August 14.
The company received the letter confirming the successful bid on August 13, 2026, at 2:46 pm IST.
The Punnam Manganese Block spans 152 hectares and is currently at the G4 stage of exploration.
Vedanta said the acquisition will further strengthen its diversified metals and mining portfolio while supporting India's growing manganese requirements by enhancing domestic resource availability and reducing dependence on imports.
The development comes as India seeks to strengthen domestic supplies of key minerals and reduce reliance on imports for critical industrial inputs.
Q1 Results
Vedanta reported a resilient set of earnings for the June quarter , its first quarterly results since completing the demerger, with stronger operating profitability and wider margins helping offset a marginal sequential decline in revenue.
Profit for the quarter stood at ₹5,294 crore, compared with ₹4,267 crore in the preceding quarter.
Revenue declined 1.6% sequentially to ₹24,205 crore from ₹24,609 crore. However, improved operational efficiency supported a stronger bottom line.
EBITDA rose 13% quarter-on-quarter to ₹8,501 crore from ₹7,559 crore, while EBITDA margin expanded to 35.1% from 30.7%.
Vedanta shares were down 1.24% at ₹267.75 apiece on the NSE at 3:19 pm on Friday. The stock has gained 0.35% over the past month but remains down 55.42% year-to-date.
The company received the letter confirming the successful bid on August 13, 2026, at 2:46 pm IST.
The Punnam Manganese Block spans 152 hectares and is currently at the G4 stage of exploration.
Vedanta said the acquisition will further strengthen its diversified metals and mining portfolio while supporting India's growing manganese requirements by enhancing domestic resource availability and reducing dependence on imports.
The development comes as India seeks to strengthen domestic supplies of key minerals and reduce reliance on imports for critical industrial inputs.
Q1 Results
Vedanta reported a resilient set of earnings for the June quarter , its first quarterly results since completing the demerger, with stronger operating profitability and wider margins helping offset a marginal sequential decline in revenue.
Profit for the quarter stood at ₹5,294 crore, compared with ₹4,267 crore in the preceding quarter.
Revenue declined 1.6% sequentially to ₹24,205 crore from ₹24,609 crore. However, improved operational efficiency supported a stronger bottom line.
EBITDA rose 13% quarter-on-quarter to ₹8,501 crore from ₹7,559 crore, while EBITDA margin expanded to 35.1% from 30.7%.
Vedanta shares were down 1.24% at ₹267.75 apiece on the NSE at 3:19 pm on Friday. The stock has gained 0.35% over the past month but remains down 55.42% year-to-date.
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