India Auctions 212 Mineral Blocks in FY26, Highest Under Auction Regime

New Delhi, May 8 (KNN) India’s mining sector recorded its strongest annual performance under the mineral auction regime in FY 2025–26, with 212 mineral blocks auctioned during the financial year, according to the Ministry of Mines.

The ministry also announced that 101 auctioned mineral blocks have been operationalised since the launch of the auction-based allocation framework in 2015, reflecting continued progress in the implementation of mining sector reforms.

Officials said the milestone highlights the growing momentum of India’s transparent and competitive mineral allocation system, supported by policy reforms, streamlined procedures, and coordination between the Centre and state governments.

The operationalisation of the blocks is expected to strengthen domestic mineral production, improve raw material availability for core industries, reduce import dependence, and support industrial growth.

Among the states, Odisha leads with 34 operationalised blocks, followed by Karnataka with 18 and Gujarat with 11. Other states contributing to the total include Madhya Pradesh, Rajasthan, Goa, Andhra Pradesh, Chhattisgarh, Maharashtra, and Assam.

The ministry noted that Assam operationalised its mineral block within nine months of the issuance of the Letter of Intent, highlighting faster administrative coordination and approvals.

Iron ore accounted for the largest share of operationalised blocks at 47, followed by limestone with 29 blocks. Other minerals include bauxite, manganese ore, chromite, and associated minerals used in sectors such as steel, cement, aluminium, and infrastructure.

The government said the progress reflects its focus on building a transparent, efficient, and sustainable mining ecosystem aligned with the broader goals of resource security and industrial development.

(KNN Bureau)