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.

Products

07 Oct 2025

Ultra-Efficient Motors

ABB’s IE5 ultra-premium efficiency motors, India’s first IE5 range, deliver 45–1000 kW power without rare-earth metals. Designed for DOL and VFD operations, they ensure high reliability, lower energy losses, and optimal performance across metals, cement, textiles, pharma, food & beverage, and paper industries.Contact: contact.center@in.abb.com Website: https://new.abb.com/indian-subcontinent ..

Smart Solutions

Hikvision’s advanced Boom Barriers streamline access control and traffic management with AI-enabled automation. Offering telescopic, folding, and fencing boom arms, these solutions enhance safety, efficiency, and security across residential, commercial, and industrial premises.Contact: HikvisionWebsite: www.hikvisionindia.com ..

Next-Gen Seal

Type 8628VL is a next-generation mechanical seal for multiphase ethane and ethylene pipelines. Featuring dual non-contacting seal faces with spiral groove technology, it ensures superior reliability, efficiency, and environmental compliance under volatile pressure and temperature conditions, validated by peer-reviewed research.Company Name: John Crane Website: https://www.johncrane.com/ ..