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Oil Exploration & Production
Business Update7 Nov 2024, 10:52 pm

Oil India Wins Critical Mineral Block in Arunachal Pradesh, Boosting India's Energy Self-Sufficiency

AI Summary

Oil India Limited (OIL), a Maharatna CPSE and a leading integrated energy company in India, has been selected as the preferred bidder for the Phop Graphite and Vanadium Block in Arunachal Pradesh. This selection was made by the Ministry of Mines in a recently concluded auction of eight critical mineral blocks, held under Tranche IV of the Auction of Critical and Strategic Mineral Blocks. The critical minerals, essential for high-tech and green energy applications, will play a crucial role in reducing India's dependence on imports. OIL is committed to support India’s energy self-sufficiency and advancing the Govt. of India’s vision of achieving self-reliance in critical minerals, positioning India as a competitive player in the global mineral economy.

Key Highlights

  • Oil India wins critical mineral block in Arunachal Pradesh
  • Selection made by the Ministry of Mines in a recent auction
  • Critical minerals play a crucial role in reducing India's dependence on imports
  • OIL supports India’s energy self-sufficiency
  • India aims to achieve self-reliance in critical minerals
OIL
Oil Exploration & Production
OIL INDIA LTD.

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