+
India cancels 14 out of 18 critical mineral block auctions
COAL & MINING

India cancels 14 out of 18 critical mineral block auctions

According to a notification from the government agency MSTC, India has cancelled the sale of 14 blocks of essential minerals that were scheduled for the second round of these auctions. India listed eight states' worth of 18 vital mineral blocks in February as it began the second round of its $362 billion essential minerals auction.

The administration of Prime Minister Narendra Modi is attempting to move to a renewable energy source through the auctions. The Ministry of Mines announced in a notification dated June 21 that no bids were received, hence the auction process for five blocks in the states of Rajasthan, Maharashtra, and Arunachal Pradesh was cancelled. Minerals like vanadium, graphite, chromium, and potash were present in these blocks.

Separately, since there were not the required three offers, the auction procedure for nine blocks' including those holding cobalt, limestone, and tungsten' was cancelled. These blocks are dispersed over the states of Arunachal Pradesh, Tamil Nadu, Maharashtra, Karnataka, and Chattisgarh.

According to a notification from the government agency MSTC, India has cancelled the sale of 14 blocks of essential minerals that were scheduled for the second round of these auctions. India listed eight states' worth of 18 vital mineral blocks in February as it began the second round of its $362 billion essential minerals auction. The administration of Prime Minister Narendra Modi is attempting to move to a renewable energy source through the auctions. The Ministry of Mines announced in a notification dated June 21 that no bids were received, hence the auction process for five blocks in the states of Rajasthan, Maharashtra, and Arunachal Pradesh was cancelled. Minerals like vanadium, graphite, chromium, and potash were present in these blocks. Separately, since there were not the required three offers, the auction procedure for nine blocks' including those holding cobalt, limestone, and tungsten' was cancelled. These blocks are dispersed over the states of Arunachal Pradesh, Tamil Nadu, Maharashtra, Karnataka, and Chattisgarh.

Next Story
Infrastructure Urban

Bridgestone Named Exclusive Tyre Partner for Lamborghini Fenomeno

Bridgestone, a global leader in premium tyres and sustainable mobility solutions, has been appointed as the exclusive tyre partner for the limited-edition Lamborghini Fenomeno, the Italian marque’s most powerful and fastest supercar to date. Marking the 20th anniversary of Lamborghini’s first in-house designed model, only 29 units of the Fenomeno will be produced, each equipped with bespoke Bridgestone Potenza tyres. With a 1,080 CV V12 powertrain, the Fenomeno sets new records for Lamborghini, sprinting from 0–100 km/h in 2.4 seconds and 0–200 km/h in 6.7 seconds. To match this p..

Next Story
Infrastructure Transport

RapidShyp Launches Mobile App for Smarter eCommerce Shipping

RapidShyp, a tech-enabled shipping aggregation platform for D2C and eCommerce brands, has launched its mobile application on Google Play Store and Apple App Store. Backed by parent company Om Logistics, the platform integrates with 15+ courier partners, offers discounts, and covers 29,000+ pin codes, aiming to make eCommerce shipping faster, smarter, and fully digital. A highlight of the app is the Scan to Manifest feature, which streamlines bulk pickups. Instead of scanning each shipment label individually, sellers can now generate a single manifest barcode summarising all shipments and ..

Next Story
Equipment

SANY Launches 50-tonne Energy Storage Reach Stacker

The global energy transition and carbon-neutrality drive are fuelling rapid growth in the energy-storage sector, with large-scale projects demanding highly efficient lifting solutions. Responding to these evolving needs, SANY has expanded its portfolio of energy-storage reach stackers with the launch of the world’s first 50-ton model on August 1, 2025.Earlier this year, SANY’s 65-ton reach stacker rolled off the assembly line and has since been operating seamlessly at a customer site for nearly six months. With the addition of the 50-ton variant, SANY aims to provide tailored solutions for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?