Goa Prepares for Next Phase of Iron Ore Block Auctions

22 Apr 2025 CW Team

The Directorate of Mines and Geology (DMG), Goa, is preparing to launch the next phase of e-auctions by carving out fresh mineral blocks from nine existing iron ore leases. This move follows the auction of 12 mineral blocks since 2023, comprising 24 mining leases.

Out of these, seven blocks have received Environmental Clearance (EC), and two have commenced operations. Notable sites auctioned include Cudnem–Cormolem, Surla Sonshi, Tivim–Pirna, Bicholim–Mulgao, and Codli. Major firms participating in the auctions include JSW Steel, Vedanta Ltd, Fomento Resources, Salgaocar Shipping, Kai International, Agarvanshi Steep Corporation, and NS Bandekar. Vedanta became the first to resume mining activities at the Bicholim block following the EC grant.

JSW Steel holds blocks such as Cudnem–Cormolem and Surla Sonshi, while Kai International secured the Tivim–Pirna block. Agarvanshi Steep Corporation won the Onda block.

DMG officials stated that the upcoming auctions aim to unlock more mining potential while ensuring environmental compliance. The state’s phased auction strategy reflects an attempt to revive Goa’s mining economy, which had seen years of stagnation due to regulatory hurdles.

Source: Herald Goa

Resources

11 May 2026

JSW One Elevates Mayank Gupta as CFO

JSW One Platforms has elevated Mayank Gupta as Chief Financial Officer as the company strengthens its leadership team to support its next phase of growth and institutional expansion.Gupta, who earlier served as Chief Operating Officer, has played a key role in scaling the company’s integrated commerce, supply chain and finance ecosystem. In his new role, he will oversee strategic finance, treasury, governance, capital allocation and financial planning.Gaurav Sachdeva, Joint Managing Director and CEO, JSW One Platforms, said Gupta’s operational understanding and financial expertise make him..

India and EU Launch 15.2 Million Euro EV Battery Recycling Initiative

India and the European Union launched a third coordinated call for proposals on the recycling of electric vehicle batteries under the India-EU Trade and Technology Council Working Group two on five May 2026, with submissions due on 15 September 2026. The initiative is aimed at securing critical raw materials and accelerating the transition to a circular economy while deepening bilateral relations. The announcement was made by officials from the Office of the Principal Scientific Adviser and the European Commission. The call has a combined funding pool of 15.2 million euros (15.2 mn euros) and ..

Aptus Value Posts Strong FY26 Results And Asset Quality

Aptus Value Housing Finance India Limited on six May 2026 reported results for the quarter and year ended 31 March 2026. Assets under management (AUM) stood at Rs 131.07 bn, up 21 per cent year on year. The company said improved field execution and sustained demand supported the growth. Disbursements in the fourth quarter were Rs 12.42 bn, up 17 per cent year on year, and full year disbursements were Rs 40.09 bn, up 11 per cent. Total income for FY26 was Rs 22.46 bn, up 25 per cent, and net profit for the year was Rs 9.43 bn, a rise of 26 per cent. Quarterly net profit was Rs 2.61 bn. For the ..