Oil India secures strategic mineral block in Rajasthan's Hanumangarh district
By Aman Shukla Published on May 28, 2025, 13:57 IST
Oil India Limited (OIL), a Maharatna Central Public Sector Enterprise (CPSE) under the Government of India, has been declared the Preferred Bidder for a strategic mineral block in Rajasthan. The company secured the Jorkian–Satipura–Khunja Amalgamated Potash and Halite Block, located in Hanumangarh district, under the fifth tranche of mineral block auctions conducted by the Ministry of Mines, Government of India.
This marks a key development as it is the first successful auction of Potash blocks by the Government of India. The move aims to enhance domestic production of critical minerals and reduce import dependency.
The awarded composite license allows for both prospecting and mining operations within the designated block. OIL's entry into the critical minerals sector aligns with the Government of India's strategy to strengthen the country's mineral security and promote resource self-reliance.
As part of its broader business diversification and energy transition initiatives, Oil India Limited is expanding its portfolio beyond hydrocarbons. The acquisition of this block represents a step toward developing domestic sources of Potash, a vital input for the fertilizer industry.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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