Govt Launches First Offshore Mining Block Auction
COAL & MINING

Govt Launches First Offshore Mining Block Auction

The Central Government has initiated the first-ever auction of 13 offshore mineral blocks under the Offshore Areas Minerals (Development and Regulation) Act, 2002, offering composite licences (exploration-cum-production). The auction was launched on November 28, 2024, and includes: 

  • 3 construction sand blocks off the Kerala coast 
  • 3 lime mud blocks off the Gujarat coast 
  • 7 polymetallic nodule and crust blocks near Great Nicobar Island 
Before notification, the Ministry of Mines consulted key stakeholders including the Ministry of Environment, Forest and Climate Change (MoEF&CC) and the Department of Fisheries, securing their no objection as per the Offshore Areas Operating Right Rules, 2024. 

To safeguard marine ecosystems, offshore blocks were carefully demarcated to exclude 130 Marine Protected Areas and 106 identified Important Coastal and Marine Biodiversity Areas (ICMBAs). 

Key regulatory provisions under the new Offshore Areas Mineral (Auction) Rules, 2024 and Offshore Areas Mineral Conservation and Development Rules, 2024 mandate that production can only begin after all environmental and legal clearances are secured, and a detailed production plan—including an environmental management plan—is in place.
 
Additionally, the Offshore Areas Mineral Trust has been set up as a non-profit body (notified on August 9, 2024), with coastal states represented in its governance. Trust funds will be used for ecological research, environmental mitigation, disaster relief, and welfare of people impacted by offshore operations. 

This update was shared by Union Coal and Mines Minister G. Kishan Reddy in a written reply in the Lok Sabha. 

(PIB)    

The Central Government has initiated the first-ever auction of 13 offshore mineral blocks under the Offshore Areas Minerals (Development and Regulation) Act, 2002, offering composite licences (exploration-cum-production). The auction was launched on November 28, 2024, and includes: 3 construction sand blocks off the Kerala coast 3 lime mud blocks off the Gujarat coast 7 polymetallic nodule and crust blocks near Great Nicobar Island Before notification, the Ministry of Mines consulted key stakeholders including the Ministry of Environment, Forest and Climate Change (MoEF&CC) and the Department of Fisheries, securing their no objection as per the Offshore Areas Operating Right Rules, 2024. To safeguard marine ecosystems, offshore blocks were carefully demarcated to exclude 130 Marine Protected Areas and 106 identified Important Coastal and Marine Biodiversity Areas (ICMBAs). Key regulatory provisions under the new Offshore Areas Mineral (Auction) Rules, 2024 and Offshore Areas Mineral Conservation and Development Rules, 2024 mandate that production can only begin after all environmental and legal clearances are secured, and a detailed production plan—including an environmental management plan—is in place. Additionally, the Offshore Areas Mineral Trust has been set up as a non-profit body (notified on August 9, 2024), with coastal states represented in its governance. Trust funds will be used for ecological research, environmental mitigation, disaster relief, and welfare of people impacted by offshore operations. This update was shared by Union Coal and Mines Minister G. Kishan Reddy in a written reply in the Lok Sabha. (PIB)    

Next Story
Infrastructure Urban

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Next Story
Infrastructure Urban

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Next Story
Infrastructure Transport

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement