Copper mining could augur well for Anil Agarwal's Vedanta: Analyst

With Anil Agarwal’s Vedanta chosen as the preferred bidder for two copper mines, brokerages are of the view that the company is fitting the missing piece in its business. “Mining is an entirely different business and selling of copper concentrate can also be a good business for Vedanta. So far, the company has been only into copper smelting,” said a Mumbai-based analyst on condition of anonymity. 

Last week, the company was declared the preferred bidder for two copper blocks, namely Thanewasna and Dubarpeth in Chandrapur district of Maharashtra. “Exploration and mining of these areas will not require much capital expenditure.