After years of struggle to secure raw material for its Lanjigarh alumina refinery following Niyamgiri fiasco, Vedanta has finally clinched a deal with state-owned Odisha Mining Corporation (OMC) for the supply of bauxite to its beleaguered plant.
As a result of this deal, Vedanta is expected to get 0.8 million tonnes of bauxite from the OMC in the current financial year at a price, which is estimated to be Rs 700 to Rs 800 per tonne cheaper compared to the landed cost of bauxite at the Lanjigarh plant site at present.
In the first-ever auction of bauxite at the country,
