Latest news with #Potash
Business Upturn
28-05-2025
- Business
- Business Upturn
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
Business Upturn
28-05-2025
- Business
- Business Upturn
Hindustan Zinc declared preferred bidder for two critical mineral blocks in Rajasthan and Uttar Pradesh
Hindustan Zinc Limited (HINDZINC) has been declared the Preferred Bidder for two critical mineral blocks following participation in the Government of India's e-auction process. As per a company disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company participated in the Ministry of Mines' Tranche V auction for strategic and critical minerals, initiated via a Notice Inviting Tender dated January 20, 2025. According to a notification dated May 27, 2025, on the MSTC e-commerce auction platform, Hindustan Zinc secured the highest final price offers for the following blocks: Jhandawali – Satipura Amalgamated Potash and Halite Block, Rajasthan Final Price Offer: 3.05% Exploration Level: G3 Total Area: 1841.22 hectares Nawatola-Laband Rare Earth Elements (REE) Block, Uttar Pradesh Final Price Offer: 3.55% Exploration Level: G3 Total Area: 201.01 hectares The grant of the composite licenses is subject to fulfillment of specific conditions, including payment of performance bank guarantees, completion of formalities as per the tender terms, acquisition of regulatory approvals, and execution of related agreements. These developments are aligned with the Government of India's initiative to boost exploration and mining of critical and strategic minerals under the National Mineral Policy. 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
