Ministry of Mines to Launch Second Tranche of EL Auctions
ECONOMY & POLICY

Ministry of Mines to Launch Second Tranche of EL Auctions

The Ministry of Mines will launch the second tranche of auction of Exploration Licence (EL) blocks on 12 February 2026 at the Civil Services Officers' Institute in New Delhi, marking another milestone in ongoing reforms to strengthen mineral exploration and ensure long-term mineral security for critical and deep-seated minerals. The event will be attended by the Union Minister of Coal and Mines, G. Kishan Reddy, senior ministry officials and representatives of state governments, industry and other stakeholders. The launch is presented as part of a broader effort to attract investment and improve the exploration ecosystem.

On the occasion the Ministry will unveil the Next Generation Digital Portal of the Geological Survey of India (GSI), which consolidates data acquisition, analysis, visualisation and dissemination on a single cloud-enabled platform. The portal is equipped with artificial intelligence and machine learning based tools and will interoperate with the National Geoscience Data Repository (NGDR) to support integrated datasets. Officials expect the portal to enhance transparency, increase efficiency and enable more data-driven decision-making across the mineral sector.

A comprehensive roadshow programme for stakeholders will accompany the launch and will explain the EL framework, the auction methodology and the incentives available to explorers. Presentations will cover the e-auction process through the MSTC portal, auction rules and the National Mineral Exploration Trust (NMET) scheme, which provides partial reimbursement of eligible exploration expenditure. An open house session is planned to allow participants to raise queries and offer suggestions.

The second tranche builds upon the rollout of the first tranche, which comprised 13 Exploration Licence blocks covering critical minerals such as Rare Earth Elements (REE), zinc, diamond, copper and Platinum Group Elements (PGE), and was launched on 13 March 2025 in Goa. The Ministry frames the auctions and the digital tools as steps towards strengthening the national capability to identify and develop mineral resources and to support strategic priorities for the sector.

The Ministry of Mines will launch the second tranche of auction of Exploration Licence (EL) blocks on 12 February 2026 at the Civil Services Officers' Institute in New Delhi, marking another milestone in ongoing reforms to strengthen mineral exploration and ensure long-term mineral security for critical and deep-seated minerals. The event will be attended by the Union Minister of Coal and Mines, G. Kishan Reddy, senior ministry officials and representatives of state governments, industry and other stakeholders. The launch is presented as part of a broader effort to attract investment and improve the exploration ecosystem. On the occasion the Ministry will unveil the Next Generation Digital Portal of the Geological Survey of India (GSI), which consolidates data acquisition, analysis, visualisation and dissemination on a single cloud-enabled platform. The portal is equipped with artificial intelligence and machine learning based tools and will interoperate with the National Geoscience Data Repository (NGDR) to support integrated datasets. Officials expect the portal to enhance transparency, increase efficiency and enable more data-driven decision-making across the mineral sector. A comprehensive roadshow programme for stakeholders will accompany the launch and will explain the EL framework, the auction methodology and the incentives available to explorers. Presentations will cover the e-auction process through the MSTC portal, auction rules and the National Mineral Exploration Trust (NMET) scheme, which provides partial reimbursement of eligible exploration expenditure. An open house session is planned to allow participants to raise queries and offer suggestions. The second tranche builds upon the rollout of the first tranche, which comprised 13 Exploration Licence blocks covering critical minerals such as Rare Earth Elements (REE), zinc, diamond, copper and Platinum Group Elements (PGE), and was launched on 13 March 2025 in Goa. The Ministry frames the auctions and the digital tools as steps towards strengthening the national capability to identify and develop mineral resources and to support strategic priorities for the sector.

Next Story
Infrastructure Urban

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Next Story
Infrastructure Urban

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

Next Story
Infrastructure Energy

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement