Oil India Clarifies Timeline For Arunachal Pradesh Graphite Mining Agreement
Oil India has officially clarified to stock exchanges that the execution of its composite licence deed for the Phop Graphite and Vanadium block in Arunachal Pradesh on January 2, 2026, represents normal business progression following its selection as preferred bidder in November 2024. The company emphasized that this development has no material impact and is part of the expected licensing process for the critical mineral block awarded through the Ministry of Mines' auction.
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Oil India has provided official clarification regarding its composite licence agreement for the Phop Graphite and Vanadium block in Arunachal Pradesh, following regulatory queries about recent news reports. The state-owned Maharatna company addressed timeline concerns and confirmed the deal's progression through normal business processes.
Regulatory Clarification and Timeline
In a filing dated January 5, 2026, Oil India clarified to stock exchanges that the execution of the Composite License deed on January 2, 2026, represents part of an ongoing licensing process. The company emphasized that this development follows its original announcement made on November 7, 2024, when it was selected as the preferred bidder for the critical mineral block.
| Parameter: | Details |
|---|---|
| Original Announcement: | November 7, 2024 |
| Deed Execution Date: | January 2, 2026 |
| Clarification Filing: | January 5, 2026 |
| Block Location: | Yazali circle, Keyi Panyor district, Arunachal Pradesh |
| Mineral Type: | Graphite and Vanadium |
Company's Official Position
Oil India stated that the information regarding this project has been in the public domain since November 7, 2024, and therefore any recent price movement cannot be attributed to the latest news item about the deed execution. The company specifically noted that "there is no material impact of the said news on the Company," indicating that the recent developments are part of expected business progression.
Original Block Award Details
The Phop Graphite and Vanadium Block was originally awarded to Oil India through the Ministry of Mines' auction process under Tranche IV of the Auction of Critical and Strategic Mineral Blocks. This selection positioned the company as a key player in India's critical minerals strategy, supporting the nation's energy self-sufficiency goals and reducing dependence on mineral imports.
Partnership Structure and Strategic Importance
The project involves a partnership with the Centre of Earth Science and Himalayan Studies (CESHS) as a local partner holding a 10% stake. This collaboration combines Oil India's technical expertise in mineral exploration with CESHS's local knowledge and community engagement capabilities in Arunachal Pradesh.
National Critical Minerals Mission Alignment
The initiative aligns with India's national priorities of creating a critical mineral mission and achieving self-reliance in strategic minerals. These critical minerals are essential for high-tech and green energy applications, positioning India as a competitive player in the global mineral economy while supporting the country's transition toward sustainable energy solutions.
Historical Stock Returns for Oil India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.09% | +4.26% | +0.78% | -3.67% | -9.37% | +460.61% |
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