India to auction 18 critical mineral blocks in second round, source says (updated)

Shree Cement

29/02/2024 11:23

(Adds details from source, background)
       NEW DELHI, Feb 29 (Reuters) - India will auction 18
critical mineral blocks as a part of its second round of mining
auctions, a source aware of the matter told Reuters on Thursday.
    Oil-to-metals conglomerate Vedanta Ltd  VDAN.NS ,
state-owned miner Coal India  COAL.NS , Shree Cement  SHCM.NS 
and e-scooter maker Ola Electric have emerged as bidders after
the first round of auction for 20 blocks concluded on Feb. 20,
the source said.
    The source declined to be identified as the details were not
public. The companies did not immediately respond to Reuters'
requests for comment.
    The first round of auctions was launched in November last
year, in a move to drive the nation's clean energy push.

 (Reporting by Neha Arora in New Delhi; Additional reporting and
writing by Hritam Mukherjee in Bengaluru; Editing by Savio
D'Souza)
 ((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))