Oil India Limited: The New Player in Critical Minerals

Oil India Limited (OIL), a Maharatna central public sector enterprise and one of India’s leading integrated energy companies, has emerged as the preferred bidder for the Phop Graphite and Vanadium Block in Arunachal Pradesh.

The selection was made by the Ministry of Mines during the auction of eight critical mineral blocks under Tranche IV of the Auction of Critical and Strategic Mineral Blocks. Graphite and vanadium are key inputs for high-technology and clean energy applications, and their domestic development is expected to significantly reduce India’s dependence on imports. The move is in line with the objectives of the National Critical Mineral Mission, which aims to enhance energy security and strengthen self-reliance in critical resources.

OIL’s participation in this strategically important block underscores its commitment to supporting the government’s vision of achieving self-sufficiency in critical minerals and positioning India as a competitive player in the global mineral value chain. The development marks an important step toward boosting domestic production of minerals essential for future technologies.

News by Rahul Yelligetti.