Hindustan Zinc declared preferred bidder for two critical mineral blocks in India
By Aman Shukla Published on May 28, 2025, 12:14 IST
Hindustan Zinc Limited (HINDZINC) has been declared the Preferred Bidder for two critical mineral blocks following participation in the Government of India's e-auction process.
As per a company disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company participated in the Ministry of Mines' Tranche V auction for strategic and critical minerals, initiated via a Notice Inviting Tender dated January 20, 2025.
According to a notification dated May 27, 2025, on the MSTC e-commerce auction platform, Hindustan Zinc secured the highest final price offers for the following blocks:
Jhandawali – Satipura Amalgamated Potash and Halite Block, Rajasthan Final Price Offer: 3.05%
Exploration Level: G3
Total Area: 1841.22 hectares
Nawatola-Laband Rare Earth Elements (REE) Block, Uttar Pradesh Final Price Offer: 3.55%
Exploration Level: G3
Total Area: 201.01 hectares
The grant of the composite licenses is subject to fulfillment of specific conditions, including payment of performance bank guarantees, completion of formalities as per the tender terms, acquisition of regulatory approvals, and execution of related agreements.
These developments are aligned with the Government of India's initiative to boost exploration and mining of critical and strategic minerals under the National Mineral Policy.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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