Eighth tranche of critical mineral auctions launched
India's mines ministry has launched its eighth critical mineral block e-auction. Twenty blocks across nine states are now available for bidding by industries. This initiative brings the total offered blocks to eighty-eight, reflecting growing se...
“This takes the total number of critical mineral blocks offered till now to 88, of which 56 have already been successfully auctioned,” the statement said, adding this reflects growing industry confidence in India’s mining sector.
The blocks offered under this tranche are critical for clean energy technologies, electric mobility, advanced manufacturing, fertilizers, defence, aerospace, electronics and other strategic industries.
Of these 20 mines, 13 are newly identified mineral blocks and 7 are being offered for rebidding.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.