The Impressive TimesRAJASTHAN, 28 MAY: Oil India Limited, the Maharatna CPSE of Govt of India, in its commitment towards energy transition and diversifying the business portfolio have successfully bagged a critical and strategic mineral block under the 5th tranche of auction conducted by the Ministry of Mines, Govt. of India.
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.
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