Govt Cancels Auction of Nayakkarpatti Tungsten Mineral Block in TN
COAL & MINING

Govt Cancels Auction of Nayakkarpatti Tungsten Mineral Block in TN

The government has cancelled the auction of Tamil Nadu's Nayakkarpatti tungsten mineral block, located near the Arittapatti Biodiversity site and several cultural heritage sites.

The decision follows a request from the local Ambalakarars community, who met with Coal and Mines Minister G Kishan Reddy on January 22, urging the cancellation due to the area's environmental and cultural significance.

After discussions, the Union minister confirmed the government's commitment to biodiversity heritage protection and decided to annul the auction.

The Nayakkarpatti block, covering over 20.16 sq km, was initially proposed for auction in February of the previous year. Despite a lack of opposition from the state government during the auction process, the final decision was made following consultations with local stakeholders.

Tamil Nadu Chief Minister M K Stalin had earlier urged Prime Minister Narendra Modi to intervene in cancelling the auction due to the area's significance.

The government has cancelled the auction of Tamil Nadu's Nayakkarpatti tungsten mineral block, located near the Arittapatti Biodiversity site and several cultural heritage sites. The decision follows a request from the local Ambalakarars community, who met with Coal and Mines Minister G Kishan Reddy on January 22, urging the cancellation due to the area's environmental and cultural significance. After discussions, the Union minister confirmed the government's commitment to biodiversity heritage protection and decided to annul the auction. The Nayakkarpatti block, covering over 20.16 sq km, was initially proposed for auction in February of the previous year. Despite a lack of opposition from the state government during the auction process, the final decision was made following consultations with local stakeholders. Tamil Nadu Chief Minister M K Stalin had earlier urged Prime Minister Narendra Modi to intervene in cancelling the auction due to the area's significance.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?