Vedanta's BALCO pays record 175% premium for Odisha bauxite, sparking raw‑material war
BALCO, Vedanta’s aluminium arm, outbid rivals with a 175% auction premium for the 3,100‑hectare Karlapat block, the highest ever paid for bauxite in India. The deal highlights a fierce scramble for captive ore as major producers expand capacity and newcomers like Adani line up for future projects.