Odisha approves long-term bauxite sale to Vedanta at market prices

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

Vedanta's efforts to source local bauxite for its Lanjigarh alumina refinery is finally paying off. The refinery which has been running on externally sourced bauxite since its operations can now buy bauxite on a long-term basis from state-owned Odisha Mining Corporation (OMC) at market prices discovered through auctions.

The decks for Vedanta were cleared after the Odisha Cabinet approved a long-term linkage policy for bauxite. 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