Exploration Capex Approval
Board approves exploration progress update, MoU with MECL and capex for Nawatala‑Devigarh REE
CMPDI reported FY2025‑26 drilling (11.505 lakh m, 105% of target) and seismic (455.228 Line Km, 101%) outperformance, approved a draft five‑year MoU with MECL (01.04.2026–31.03.2031), received LoI for Nawatala‑Devigarh REE block and sanctioned Rs 5.43 Cr capex for G4 exploration in FY2026‑27 (total est. exploration cost Rs 24.88 Cr; CMPDI bid FPO 36.45%).


