Coal India bags exploration licence for rare earth block in Andhra Pradesh

has been declared the preferred bidder for the 209.62 sq. km Ontillu-Chandragiri rare earth element (REE) exploration block in Andhra Pradesh by the Ministry of Mines. The award, issued under the Mines and Minerals (Development and Regulation) Act, 1957, grants the company the right to pursue an exploration licence, with the deed to be executed within one year of the state government’s letter of intent. The contract has been awarded by a domestic authority, with no related party involvement, marking Coal India’s entry into a strategically important mineral segment that holds significance for future energy and technology applications. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.