Hindustan Zinc wins Composite License for 308.30 hectare Balepalyam Tungsten Block in Andhra Pradesh
Hindustan Zinc Limited (HZL), a Vedanta Group company and one of the largest integrated producers of zinc-lead and silver, has received a significant boost in its strategic mineral portfolio. The Government of Andhra Pradesh has issued a Letter of Intent (LoI) to HZL for the grant of a Composite License under Rule 18(1) of the Mineral Auction Rules, 2015.
This LoI follows HZL emerging as the preferred bidder in the e-auction conducted by the Ministry of Mines, Government of India, for the Balepalyam Tungsten and Associated Mineral Block. The block spans an area of approximately 308.30 hectares in the Ananthapuram District of Andhra Pradesh.
Im the exchange filing, the company shared, 'We wish to inform you that the Government of Andhra Pradesh has issued Letter of Intent (LoI), under Rule 18(1) of the Mineral Auction Rules 2015, to Hindustan Zinc Limited, the preferred bidder for grant of Composite License for e-auction of Balepalyam Tungsten and Associated Mineral Block conducted by Ministry of Mines, Government of India over an extent of 308.30 Hectares in Ananthapuram District.'
This development marks a key milestone in Hindustan Zinc's strategy to diversify into critical and strategic minerals, especially tungsten, which is essential for defense, aerospace, and electronics industries. The acquisition is expected to strengthen India's domestic supply chain and reduce import dependence for this critical resource.
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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