Hindustan Zinc Limited (HZL), a part of the Vedanta Group, has been declared the preferred bidder for two critical mineral blocks under Tranche IV of the Ministry of Mines’ Critical Mineral Block auctions. The declaration follows an e-auction process conducted by the Government of India, specifically aimed at awarding composite licenses for mineral exploration and development.
The two blocks awarded to HZL include the Balepalyam Tungsten and Associated Mineral Block in Andhra Pradesh, and the Nayakkarpattti Tungsten Block in Tamil Nadu. HZL secured these blocks by placing the highest final price offers of 6.55% and 5.05% respectively for each.
The Balepalyam Tungsten Block is classified at the G3 level of exploration with a total area of 308.3 hectares, while the Nayakkarpattti Tungsten Block is at the G4 exploration level, covering 2015.51 hectares. The granting of composite licenses for these blocks will be subject to specific requirements, including the submission of a performance bank guarantee and compliance with other conditions laid out in the tender documents.
This strategic win positions Hindustan Zinc as a significant player in India’s mineral sector, particularly in securing essential resources critical to India’s industrial growth.
