Vedanta Secures Karnapodikonda Bauxite Block in Odisha, Boosts Aluminium Business

• Vedanta Ltd declared preferred bidder for Karnapodikonda bauxite block in Odisha after state government auction.
• The block, spanning 532.747 hectares, is expected to support strategic backward integration for Vedanta’s aluminium business.
• BoFA Securities upgraded Vedanta to "buy" with a 75% price target increase to ₹840, citing bullish aluminium views and healthy dividend yield.
• BoFA raised Vedanta's FY26-28 EBITDA estimates by 16-21% due to higher aluminium forecasts and rupee depreciation.
• Vedanta shares closed down 2.56% at ₹718.45 on BSE, despite positive analyst ratings.