Coal India shares in focus after rising as most well-liked bidder for REE block in Andhra Pradesh

Coal India shares might be within the highlight on Wednesday, September 17, after the state-owned coal miner was declared as the popular bidder by the Ministry of Mines, Authorities of India, for the Ontillu-Chandragiri Uncommon Earth Aspect (REE) Exploration Block in Andhra Pradesh.

This growth follows the Discover Inviting Tender (NIT) issued by the Ministry of Mines earlier this 12 months on March 30.

“Coal India Restricted has been declared as Most popular Bidder by Ministry of Mines, Authorities of India for Ontillu- Chandragiri REE Exploration Block pursuant to NIT dated 30.03.2025 issued by the Ministry of Mines,” the corporate stated in a regulatory submitting.

As per the official disclosure, the block is called Ontillu-Chandragiri Uncommon Earth Aspect (REE) Exploration Block, masking an space of 209.62 sq. km. The license deed is to be executed inside one 12 months of issuance of the Letter of Intent by the involved State Authorities.

This license marks an vital transfer because it marks the entry of Coal India into the exploration of strategic minerals like uncommon earth components important for the electronics, defence, and renewable power sectors.

In a separate growth, the corporate additionally knowledgeable the exchanges that CRISIL ESG Scores & Analytics has assigned an Environmental, Social, and Governance (ESG) rating of 53 to Coal India.

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The corporate clarified that it has not engaged CRISIL ESG Scores & Analytics for endeavor this ESG score.

Shares of Coal India closed flat, with a optimistic bias, at Rs 396.05 on the BSE.

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