Graphite block acquisition: CIL ventures into non-coal minerals

23 Jul 2024 CW Team

In a significant expansion of its mining activities, Coal India Limited (CIL) has ventured into graphite mining by becoming the preferred bidder for the Khattali Chotti graphite block located in Alirajpur district of Madhya Pradesh. This move marks CIL's entry into non-coal mineral mining, aligning with its diversification strategy. The announcement came after the company won the bid at the tranche two forward auction organized by the Ministry of Mines on July 9. CIL has committed to a mining premium of 150.05% over the value of the mineral despatched, which will be paid to the state government of Madhya Pradesh. The firm will officially receive the letter of intent once it completes the necessary formalities, including the deposition of performance security. Subsequently, a composite license is expected to be issued within a year, adhering to the timeline stipulated in the National Invitation to Tender (NIT). The decision to bid for the graphite block is part of a broader initiative by the Ministry of Mines to diversify India's mineral production and reduce import dependency. Graphite is crucial for various industrial applications, particularly in manufacturing lithium-ion batteries, which are pivotal for the burgeoning electric vehicle market and energy storage systems. India currently imports about 69% of its graphite requirements, spanning natural, synthetic, and end-use products. With limited players in the graphite mining industry, CIL's entry could catalyze significant developments in this sector. The Khattali Chotti block, which spans nearly 600 hectares, has shown potential with fixed carbon content ranging from 1.99% to 6.50% based on initial bedrock samples. By leveraging its extensive mining experience, CIL is poised to contribute to India?s green energy transition. The company's move into graphite mining is timely, given the projected increase in the market demand for graphite, which is expected to surge by 25%-27% annually by FY 2035.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..