Latest news with #TrancheV
New Indian Express
29-05-2025
- Business
- New Indian Express
NLCIL wins two blocks in Tranche V auction of critical minerals in Chhattisgarh; to boost fertiliser, energy sectors
CUDDALORE: Neyveli Lignite Corporation India Limited (NLCIL) has emerged as the preferred bidder for two strategic mineral blocks, Raipura and Semhardih, in the Tranche V auction conducted by the Ministry of Mines. Both blocks, located in Chhattisgarh, contain reserves of phosphorite and limestone, which are essential for India's fertiliser and industrial sectors. In a press statement on Wednesday, NLCIL said, 'With production of phosphorite from these mines, the huge dependence on imports can be reduced and can greatly contribute to the sustainability and growth of the agriculture sector in the country.' The company stated that the Raipura block was secured with a final price offer of 8.60%, while the Semhardih block was won with a final offer of 11.05%. 'These acquisitions are aligned with NLCIL's long-term strategy to expand its presence in the mining of critical minerals, which are increasingly vital for clean energy technologies, fertilisers, electronics, and industrial processes,' the statement added. CMD of NLCIL, S Prasanna Kumar Motupalli, said, 'The acquisition of these critical mineral blocks is a proud moment for NLCIL and a significant step in supporting the Government's vision of ensuring a resilient and sustainable mineral ecosystem. Phosphorite is crucial for food security and the fertiliser industry, and securing these resources strengthens our country's journey towards self-reliance.'
The Hindu
28-05-2025
- Business
- The Hindu
NLC wins bid for two mineral blocks in Chattisgarh
NLC India Limited (NLCIL) has won the bid for two critical and strategic mineral blocks in the recently concluded Tranche V auction conducted by the Ministry of Mines. A press note said the two blocks — Raipura and Semhardih, both located in Chhattisgarh — contained reserves of phosphorite and limestone, essential minerals in India's fertilizer and industrial sectors. It was worthy to note that, with production of phosphorite from these mines, the huge dependence on import could be reduced and it would contribute significantly towards sustainability and growth of agriculture sector in the country, it added. The Raipura Block was won with a final price offer of 8.6%, while the Semhardih Block was secured with a final offer of 11.05%. These acquisitions were aligned with NLCIL's long-term strategy to expand its presence in the mining of critical minerals, which were increasingly vital for clean energy technologies, fertilizers, electronics, and industrial processes. The acquisition of new mineral assets to complement NLCIL's portfolio — thermal power, lignite mining, renewable energy, and upcoming green hydrogen projects — comes amid NLCIL's strategic push to diversify its resource base and play a vital role in reducing India's dependency on imports and in strengthening the country's industrial and agricultural infrastructure, the company said. Prasanna Kumar Motupalli, CMD of NLC India Limited, stated that the acquisition of these critical mineral blocks was a significant step in supporting the government's vision of ensuring a resilient and sustainable mineral ecosystem. Noting that phosphorite was crucial for food security and the fertilizer industry, the CMD said critical minerals would be the building blocks of new-age technologies, green energy solutions, and national prosperity in the journey towards a sustainable and decarbonised future.
Business Upturn
28-05-2025
- Business
- Business Upturn
Hindustan Zinc declared preferred bidder for two critical mineral blocks in India
By Aman Shukla Published on May 28, 2025, 12:14 IST 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
Hans India
28-05-2025
- Business
- Hans India
Two potash blocks auctioned for the first time in India: Kishan Reddy
Hyderabad: Union Minister for Coal and Mines G Kishan Reddy said that for the first time, India has paved the way for 'Potash Mining', taking taking a bold leap towards self-reliance in fertiliser minerals under the leadership of Prime Minister Narendra Modi. He said that by unlocking the potential of potash mining, 'we are set to reduce import dependence and strengthen the backbone of our agriculture and our farmers.' Kishan Reddy's comments on Tuesday come in the context of the recent Tranche V auction of critical and strategic mineral blocks, launched on January 28, concluding with the successful auction of 10 out of the 15 blocks offered. These 10 blocks include critical and strategic minerals such as graphite, phosphorite, phosphate, rare earth elements (REE), vanadium, and, for the first time, potash and halite. The blocks are located across Chhattisgarh, Karnataka, Madhya Pradesh, Odisha, Rajasthan, and Uttar Pradesh. With this auction, the total number of blocks auctioned by the Central Government has reached 34. The Union Minister said that a key milestone in Tranche V is the successful auction of a potash block, marking the first time the Government of India has auctioned a potash block. This development is expected to stimulate potash mining in the country reduce reliance on imports, and provide stronger support to the agriculture sector. Additionally, this auction marks the first successful auction of a critical and strategic mineral block in the state of Rajasthan. To date, a total of 34 blocks have been successfully auctioned in five tranches out of a total of 55 critical mineral blocks that were made available for auction. The regular auctioning of critical mineral blocks is a vital part of the strategy adopted by the Ministry of Mines to promote self-sufficiency in critical minerals within the country. The Ministry of Mines is also focused on exploring critical minerals. It has launched the National Critical Mineral Mission to develop a sustainable critical mineral ecosystem in India. The Ministry recognises the valuable participation of industry stakeholders in both the auctions and other initiatives aimed at achieving self-sufficiency in critical minerals.
Hans India
01-05-2025
- Business
- Hans India
Muthoot Fin to mobilise Rs 350 cr via NCDs
HyderabadL: Muthoot FinCorp Ltd (MFL), the flagship company of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), has announced the launch of the Tranche V series of secured and redeemable non-convertible debentures (NCDs) with a face value of Rs1,000 each, scheduled for issuance on April 29, 2025 and will be open to the public till May 13, 2025, subject to early closure upon approval from the Board of Directors or the Stock Allotment Committee of the Company, and in accordance with applicable regulations under Regulation 33A of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended (SEBI NCS Regulations). Shaji Varghese, CEO, Muthoot FinCorp Ltd, said: 'We are pleased to announce the launch of our new NCD series, offering investors a secure and high-yield investment opportunity. Participation is made seamless through our extensive network of over 3,700 branches, our mobile app - Muthoot FinCorp ONE, for investments up to `5 lakhs and through partner network.
