Centre Cancels Auction for 13 Mineral Blocks Amid Weak Response

01 Apr 2024 CW Team

The Centre's bid to expedite the acquisition of critical mineral reserves faced a setback as it announced the cancellation of auction proceedings for 13 out of the 20 blocks initially offered. The decision, prompted by a lackluster response from bidders, particularly affects mineral-rich states like Bihar, Jharkhand, Odisha, Tamil Nadu, Uttar Pradesh, and Jammu and Kashmir (J&K).

These blocks encompass a variety of crucial minerals such as glauconite, nickel, chromium, platinum group elements (PGE), potash, copper, molybdenum ore, graphite, and lithium, among others.

Out of the 13 abandoned mines, two failed to attract any bids at all, both located in Tamil Nadu and holding molybdenum reserves. However, the government remains undeterred, as seven of the canceled blocks are slated for rebidding under a fresh round of auctions initiated earlier this month.

This development underscores the significance of the government's push to secure critical minerals. In June 2023, the administration identified 30 minerals deemed critical for the country's strategic and industrial needs, including lithium, graphite, molybdenum, and phosphorous, among others. The ongoing auction process aims to bolster domestic reserves of these vital resources, crucial for various industries ranging from electronics to defense.

Despite the setback, the government remains committed to its objective of strengthening the nation's mineral security. With a second round of auctions underway, efforts are underway to ensure the efficient utilization and exploration of India's vast mineral wealth in alignment with its strategic goals and economic development agenda.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..