17 Sep 2025 | 5 Mins Read
Coal India emerges as preferred bidder for Andhra REE block
Flipitmoney
Coal India is declared the preferred bidder for the Ontillu-Chandragiri Rare Earth Element (REE) Exploration Block in Andhra Pradesh, covering 209.62 sq km, by the Ministry of Mines. A license deed is to be executed within one year. This marks Coal India's entry into REE exploration, vital for electronics, defence, and renewable energy sectors, with shares closing flat at Rs 396.05.