Oil India (OIL) has been selected as the preferred bidder for the Phop Graphite and Vanadium Block in Arunachal Pradesh. This selection was made by the Ministry of Mines in a recently concluded auction of eight critical mineral blocks, held under Tranche IV of the Auction of Critical and Strategic Mineral Blocks.

The critical minerals, essential for high-tech and green energy applications, will play a crucial role in reducing India's dependence on imports. Aligned with the national priorities of creating the national critical mineral mission, OIL is committed to support India’s energy self-sufficiency and advancing the Government of India’s vision of achieving self-reliance in critical minerals, positioning India as a competitive player in the global mineral economy. 

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.