According to a regulatory filing on Tuesday, NALCO’s Board of Directors approved awarding the Mine Developer and Operator (MDO) contract for the development and operation of the Pottangi Bauxite Mines, along with related infrastructure, including an Overland Conveyor Corridor (OLCC) and allied facilities.
Dilip Buildcon, the L-1 bidder, was awarded the contract.
The base mining charge for the project is fixed at Rs 423 per ton, and the agreement spans 25 years.
NALCO stated in its filing:
“Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, this is to inform that the Board of Directors, in their meeting held today i.e. 09.12.2025, inter-alia approved the proposal for award of the MDO contract for Development and Operation of Pottangi Bauxite Mines along with Overland Conveyor Corridor (OLCC) and allied facilities in favour of M/s Dilip Buildcon Limited (L-1 bidder) with base mining charges of Rs 423.00 per ton for a period of 25 years.”
On Tuesday, NALCO shares closed 1.1% lower at Rs 265.50 on the BSE, while Dilip Buildcon shares closed 4.2% higher at Rs 461.15.
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