New delhi, May 28 -- Oil India Limited has bagged a critical and strategic mineral block under the 5th tranche of auction conducted by the Union Ministry of Mines, the state-owned company said on Wednesday.
"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," it said.
This was the first-ever successful auction of potash blocks by the government, 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 company added.
Published by HT Digital Content Services with permission from Millennium Post.