Six States Initiate Auction for Critical Mineral Exploration Licenses

21 Mar 2024 CW Team

In a significant move towards mineral resource development, six states in India have launched auctions for critical mineral exploration licenses. This initiative aims to accelerate exploration activities and unlock the potential of critical minerals essential for various industries, including energy, manufacturing, and technology.

The auction process will enable private sector participation in mineral exploration, fostering investment and technological innovation in the sector. It also aligns with the government's objectives of promoting domestic mineral production, reducing import dependency, and boosting self-reliance in critical minerals.

Furthermore, the exploration and extraction of critical minerals are crucial for supporting India's economic growth and development across sectors. By facilitating the exploration of these minerals, the auctions seek to strengthen the country's mineral security and enhance its competitiveness in the global market.

Overall, the launch of auctions for critical mineral exploration licenses by six states signals a significant step towards harnessing India's mineral potential and promoting sustainable resource management. It represents a collaborative effort between the government and the private sector to drive mineral exploration and contribute to India's overall growth and development agenda.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..