India set to auction mineral blocks for green energy transition

01 Sep 2023 CW Team

India is gearing up to launch the auction process for roughly 100 critical mineral blocks within the next four months, a vital step in ensuring a steady supply of raw materials crucial for the nation's green energy transition. These mineral blocks encompass resources such as nickel, lithium, cobalt, platinum, rare earths, and more.

Mines Secretary Vivek Bharadwaj shared in an interview that the legal framework is already in place, and the specific mineral blocks have been identified for auction. It is anticipated that the tender for bids will be released by December, with auctions commencing around three months thereafter.

India's urgent focus on securing critical minerals stems from its ambitious plans to become a prominent hub for battery and electric vehicle manufacturing while also striving to achieve net-zero emissions. Presently, India does not domestically mine key materials like lithium, cobalt, and nickel, making the auction process a critical step toward mineral self-sufficiency.

To incentivise both global and local mining companies to participate in this endeavour, the government plans to reimburse half of the exploration costs. Bharadwaj explained that it may take companies at least three years to bring these mining projects into operation.

India recently amended its mining regulations to encourage exploration of essential minerals like lithium, permitting private miners to engage in the search for these materials. These regulatory changes are pivotal for auctioning lithium blocks recently identified in Jammu and Kashmir and Karnataka.

Several state-run companies have been actively seeking such mineral assets worldwide, while energy giants like Coal India and NTPC are devising strategies for mineral mining. Additionally, Khanij Bidesh India, a joint venture involving three government-run firms, has been established to acquire critical mineral assets overseas, with a primary focus on Australia and South America.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..