GSI Probes Rare Earth Deposits in Bengal and Assam

15 Jul 2025 CW Team

The Geological Survey of India (GSI) is conducting advanced G2-level exploration for rare earth elements (REE) in West Bengal's Purulia district and Assam’s Karbi Anglong. GSI Director General Asit Saha stated that both blocks are likely to be auction-ready within a year, marking a key step in tapping India’s strategic mineral reserves.

Speaking at the 3rd Minerals and Mining Conclave 2025 organised by ASSOCHAM, Mr Saha noted that while specific rare earth elements are yet to be confirmed, the deposits may include a "basket of 14 to 17" REEs. This diversity could pose technical challenges during extraction. Additionally, vanadium reserves have been identified in the lower Himalayan belt, expanding the country’s critical mineral portfolio.

G2-level exploration refers to an advanced stage of geological investigation, involving sampling to assess the quality and quantity of mineralisation. Upon completion, the findings will be submitted to the respective State mining departments and the Union Ministry of Mines for further action.

The exploration drive comes amid rising demand for REEs in electric vehicles, electronics, defence systems, and medical technologies. The move aligns with India’s broader goal of strengthening self-reliance in high-tech manufacturing and e-mobility.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..