India cancels 14 out of 18 critical mineral block auctions

25 Jun 2024 CW Team

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.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..