Jena opposes Odisha's decision for long-term bauxite linkage to Vedanta

The decks for Vedanta for sourcing raw material were cleared recently after the Odisha Cabinet approved a long-term linkage policy for bauxite supply from state-owned OMC

Launching a scathing attack on Odisha government's decision for providing long-term bauxite linkage to Vedanta, former Union minister Srikant Jena questioned the need for such a move.

The decks for Vedanta for sourcing raw material were cleared recently after the Odisha Cabinet approved a long-term linkage policy for bauxite supply from state-owned Odisha Mining Corporation (OMC) at market prices discovered through auctions.

As per the terms of this policy, 70 per cent of the saleable stock of bauxite would be made available for long-term linkage (LTL) and the rest 30 per cent is to be sold through national e-auctions.

As per the cabinet