Archive · 2 Jun 2025
Hindustan Zinc, Oil India Win Bids for Mineral Blocks
Two companies have been chosen to explore for important minerals in India.
Hindustan Zinc won the rights to look for minerals in two areas, one in Rajasthan and another in Uttar Pradesh.
Oil India also won the chance to explore for potash, a type of mineral, in Rajasthan.
This is a big step for India as it seeks to find more of these valuable resources.
Both companies announced the news on Wednesday, May 28.
Hindustan Zinc declared preferred bidder for mineral blocks in Rajasthan and Uttar Pradesh.
Oil India Ltd. also declared as a preferred bidder for a potash block in Rajasthan.
Hindustan Zinc secured the top position for the Jhandawali–Satipura block and the Nawatola–Laband REE block.
Oil India's successful bid marks the first successful auction of Potash blocks by the Indian government.
Both companies' filings occurred on Wednesday, May 28.
- Who
- Hindustan Zinc and Oil India Ltd.
- What
- Companies declared preferred bidders for mineral blocks.
- When
- Announcements made on Wednesday, May 28.
- Where
- Rajasthan and Uttar Pradesh.
- Why
- To unlock and explore critical and strategic mineral resources.
Company Achievements
Financial Performance Highlights
Financial Results
Company Achievements
Oil India's net profit increased by 30% to ₹1,591 crore, while revenue increased by 5%.
Financial Performance Highlights
Hindustan Zinc's revenue increased, with a net profit of ₹3,003 crore, exceeding estimates.
- Companies
- Hindustan Zinc, Oil India Ltd.
- Date of Announcement
- May 28
- Location of Blocks
- Rajasthan, Uttar Pradesh
- Hindustan Zinc Blocks
- Jhandawali–Satipura Amalgamated Potash and Halite Block; Nawatola–Laband REE Block
- Oil India Block
- Jorkian-Satipura-Khunja Amalgamated Potash and Halite
