New Delhi, May 28 -- Oil India Limited has bagged a critical and strategic mineral block under the 5th tranche of auction conducted by the Ministry of Mines, according to a statement from the state-owned company.

Oil India Limited (OIL) has been declared as the preferred bidder for grant of composite license for the Jorkian - Satipura - Khunja Amalgamated Potash and Halite Block in Hanumangarh district of Rajasthan.

This is the first-ever successful auction of Potash blocks by the Government of India, marking a major step towards unlocking domestic Potash resources.

"OIL's strategic diversification into critical minerals represents a well-timed response to national priorities to support India's self-reliance goals," the state-owned com...