Government initiates e-auction for 7 vital mineral blocks
COAL & MINING

Government initiates e-auction for 7 vital mineral blocks

The Ministry of Mines has announced that May 16 will be the final day for the sale of tender documents for participating in the e-auction of seven critical mineral blocks under the tranche III round. It was also specified that the deadline for submitting the documents would be May 21.

It was clarified by the Ministry that these seven blocks were part of the 11 blocks from a previous auction that was canceled due to having less than three Technically Qualified Bidders (TQB).

Moreover, the e-auction process for 18 blocks under tranche II is currently underway. The closing date for the sale of Tender Document is set for May 10, 2024, and the deadline for submitting bids is May 15.

Furthermore, it was stated by the ministry that the second round of e-auctions for six blocks has been successfully concluded as per schedule. A decision regarding the Kundol Nickel and Chromium Block of Gujurat will be made by the designated officer at the appropriate time.

Critical minerals, including lithium, chromium, nickel, graphite, cobalt, titanium, and rare earth elements (REE), are crucial for India's economic progress and national security. At present, the extraction of these minerals is largely controlled by a few countries, notably China, which renders the supply chain susceptible to geopolitical uncertainties.

These critical minerals are indispensable for various sectors such as electronics, electric vehicles, renewable energy, defense, high-tech telecommunications, agriculture, pharmaceuticals, and the establishment of gigafactories. The demand for these minerals is significant and is primarily met through imports.

The Ministry of Mines has announced that May 16 will be the final day for the sale of tender documents for participating in the e-auction of seven critical mineral blocks under the tranche III round. It was also specified that the deadline for submitting the documents would be May 21. It was clarified by the Ministry that these seven blocks were part of the 11 blocks from a previous auction that was canceled due to having less than three Technically Qualified Bidders (TQB). Moreover, the e-auction process for 18 blocks under tranche II is currently underway. The closing date for the sale of Tender Document is set for May 10, 2024, and the deadline for submitting bids is May 15. Furthermore, it was stated by the ministry that the second round of e-auctions for six blocks has been successfully concluded as per schedule. A decision regarding the Kundol Nickel and Chromium Block of Gujurat will be made by the designated officer at the appropriate time. Critical minerals, including lithium, chromium, nickel, graphite, cobalt, titanium, and rare earth elements (REE), are crucial for India's economic progress and national security. At present, the extraction of these minerals is largely controlled by a few countries, notably China, which renders the supply chain susceptible to geopolitical uncertainties. These critical minerals are indispensable for various sectors such as electronics, electric vehicles, renewable energy, defense, high-tech telecommunications, agriculture, pharmaceuticals, and the establishment of gigafactories. The demand for these minerals is significant and is primarily met through imports.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement