Oil India Limited (OIL), a leading Maharatna CPSE, has emerged as the preferred bidder for the Phop Graphite and Vanadium Block in Arunachal Pradesh. This decision was taken by the Ministry of Mines during a recently concluded auction of eight critical mineral blocks, held under Tranche IV of the Auction of Critical and Strategic Mineral Blocks.
Critical minerals, which are required for high-tech and green energy applications, will play an important role in decreasing India’s dependence on imports.
In line with the national priorities to achieve the national critical mineral mission, OIL is committed to supporting India’s energy self-sufficiency and advancing the Government of India’s vision of achieving self-reliance in critical minerals, thereby positioning India as a competitive player in the global mineral economy.
