Government Cancels Auction of 13 Mineral Blocks

02 Apr 2024 CW Team

In a significant move impacting the mining sector, the Indian government has nullified the auction of 13 critical mineral blocks. This decision, announced recently, comes amidst concerns regarding the sustainable supply of essential minerals crucial for various industries, including manufacturing and infrastructure development.

The cancellation of these auctions raises questions about the government's strategy for mineral resource management and its implications for both domestic and international stakeholders. With increasing demand for minerals essential for economic growth and technological advancement, ensuring a stable and transparent procurement process is paramount.

The affected mineral blocks are reportedly located across different regions of the country, with varying degrees of significance in terms of their contribution to industrial output. The government's decision to annul these auctions is likely to have repercussions on existing supply chains and investment plans within the mining sector.

Key stakeholders, including mining companies, investors, and policymakers, are closely monitoring the situation for insights into the government's broader policy direction regarding mineral resource management. The cancellation of these auctions may prompt a reassessment of long-term investment strategies and operational plans within the mining industry.

This development underscores the importance of proactive and sustainable resource management practices to mitigate supply chain disruptions and ensure the availability of critical minerals for key industries. It also highlights the need for enhanced coordination between government agencies, industry players, and other stakeholders to address emerging challenges and opportunities in the minerals and mining sector.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..