Why Adani, Reliance, Vedanta, and Hindalco Are Battling for the 220 Million Tonne Karlapat Bauxite Mine?
India, July 17 -- The Karlapat bauxite block in Odisha's Kalahandi district is shaping up to be one of the more closely watched mineral auctions of the year, and the list of names lining up for it tells its own story.
Adani Enterprises, Reliance Industries, Vedanta Aluminium, Hindalco Industries and Jindal-led Powercem have all secured tender documents, and state-run Coal India has joined them.
The block itself holds an estimated 220 million tonnes of bauxite spread across more than 3,100 hectares, making it one of the largest untapped deposits left in the country and, by extension, one capable of feeding an aluminium smelter for a very long time.
From Buying Raw Material to Owning It
What's playing out at Karlapat is really a shift ...
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