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Telangana Joins India's Mineral Auction Regime

Telangana Joins India's Mineral Auction Regime
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Telangana Joins India's Mineral Auction Regime

Why in NewsKey Points
Telangana joins India's mineral auction regimeTelangana became the 14th state to participate in India's mineral auction system.
Limestone blocks auctionedTwo limestone blocks at Sultanpur and Saidulnama were auctioned in November 2023.
Winning companiesNCL Industries and Deccan Cement secured the limestone blocks.
Auction detailsThe blocks are critical for cement manufacturing.
More blocks likely to be auctionedAdditional limestone blocks may be auctioned soon.
Centre's involvementThe Centre urged Telangana to auction 11 limestone blocks, with talks ongoing for more auctions.
Mineral auction progress81 mineral block auctions occurred in FY25 across 13 states, including Madhya Pradesh, Rajasthan, and Maharashtra.
Key mineral types auctionedLimestone, manganese, tungsten, gold, cobalt, bauxite, iron ore, and graphite among others.
Relevant companies from past auctionsVedanta, Hindustan Zinc, Oil India, JK Cement, Ambuja Cements, Dalmia Bharat, JSW Steel, Star Cement, Nuvoco Vistas, etc.
Tamil Nadu's tungsten block issueHindustan Zinc won the Nayakkarpatti tungsten block despite objections related to biodiversity reserves.
Telangana CMA Revanth Reddy

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