Oil India Limited (OIL) has been selected as the preferred bidder for the Phop Graphite and Vanadium Block in Arunachal Pradesh. The Ministry of Mines made the selection during a recent auction. Execution of the Composite License (CL) deed occurred on January 2, 2026. The critical minerals will help to reduce India’s import dependence.
Arunachal Pradesh Mineral Block Secured
Oil India Limited (OIL) has been chosen as the preferred bidder for the Phop Graphite and Vanadium Block in Arunachal Pradesh, according to an official company announcement. The selection occurred following a recent auction by the Ministry of Mines for critical mineral blocks.
Composite License Execution
The company has executed the Composite License (CL) deed on January 2, 2026, as part of the ongoing licensing process. This follows Oil India’s prior announcement on November 7, 2024, regarding winning the critical mineral block.
Strategic Importance
The acquisition of this mineral block is expected to play a crucial role in reducing India’s reliance on imports, especially for critical minerals. The announcement aligns with India’s national priorities for self-sufficiency in the mineral sector and supports the vision of becoming a competitive player in the global economy.
Source: BSE
