CMPDI achieves 105% drilling target, approves MECL MoU & REE block capex
Central Mine Planning & Design Institute Ltd (CMPDI) announced key outcomes from its Board Meeting. The company achieved 105% of its drilling target for FY 2025-26, completing 11.505 lakh meters against a target of 11.00 lakh meters, marking a 14% growth. Seismic survey targets were also surpassed by 101%. The Board approved a new five-year Memorandum of Understanding (MoU) with Mineral Exploration Corporation Ltd (MECL) for Energy & Non-Energy Mineral Exploration, effective from April 1, 2026, continuing a partnership dating back to FY 2008-09. Additionally, CMPDI secured the Nawatala Devigarh REE block in Rajasthan through auction, offering a 36.45% revenue share. The Board approved a capital expenditure of ₹5.43 crore for the G4 stage exploration of this Rare Earth Element (REE) block in FY 2026-27, part of an estimated total exploration expenditure of ₹24.88 crore over five years. CMPDI is eligible for 50% reimbursement of eligible exploration expenditure from NMEDT.
Key Highlights
- Achieved 105% of drilling target (11.505 lakh m) and 101% of seismic survey target for FY25-26.
- Approved new 5-year MoU with MECL for energy and non-energy mineral exploration.
- Secured Nawatala Devigarh REE block in Rajasthan with 36.45% revenue share.
- Board approved ₹5.43 crore capex for G4 stage exploration of REE block in FY26-27.
- Eligible for 50% reimbursement of exploration costs from NMEDT for the REE block.