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

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..