Coal India named preferred bidder for graphite and vanadium block in Chhattisgarh
The company received formal communication via a letter dated May 27, 2025, and informed stock exchanges about the development under Regulation 30 of SEBI (LODR) Regulations, 2015.
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Key details of the awarded block:
Block Area : 366.478 hectares
Graphite Resource : 9.28 million tonnes at 2% fixed carbon (FC) cutoff, with an average grade of 5.48% FC
Vanadium Resource : 0.70 million tonnes at 1000 ppm cutoff, with a weighted average grade of 1211.64 ppm (G2 stage)
Mining Premium : CIL will pay 189.75% of the value of the mineral dispatched as mining premium to the government
Timeline: The mining lease deed is to be executed within three years from the issuance of the Letter of Intent by the State Government
The project is entirely domestic in nature, and neither CIL's promoter group nor related parties have any interest in the awarding authority. This new mining block is expected to further enhance CIL's diversification into strategic minerals, expanding beyond its core coal portfolio.
Disclaimer: This news report is based on regulatory filings by the company and is intended for informational purposes only. It does not constitute investment advice.
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