
New Launch28 May 2025, 01:49 pm
Oil India Bags Potash Exploration Block in Rajasthan, Marking First-Ever Auction of Potash Blocks by Government of India
AI Summary
Oil India Limited, the Maharatna CPSE of Govt of India, has successfully bagged a critical and strategic mineral block under the 5th tranche of auction conducted by the Ministry of Mines, Govt. of India. The company has been declared as the Preferred Bidder for grant of composite license for the Jorkian โ 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 India's strategic diversification into critical minerals represents a well-timed response to national priorities to support India's self-reliance goals.
Key Highlights
- Oil India has been allocated a Potash exploration block in Rajasthan under the 5th tranche of auction conducted by the Ministry of Mines, Govt. of India.
- Oil India is the Preferred Bidder for grant of composite license for the Jorkian โ Satipura - Khunja Amalgamated Potash and Halite Block.
- This is the first-ever successful auction of Potash blocks by the Government of India.
- Oil India's strategic diversification into critical minerals supports India's self-reliance goals.
- The auction marks a major step towards unlocking domestic Potash resources.