CMPDI Exceeds Drilling Targets, Signs 5-Year MoU, Secures REE Block
CMPDI achieved 11.505 lakh meters in drilling for FY26, surpassing its 11.00 lakh meter target. Seismic survey work reached 455.228 Line KM, exceeding the 450 Line KM target. A new 5-year MoU with MECL for mineral exploration is finalized. CMPDI also secured the Nawatala Devigarh REE block with an estimated ₹24.88 Crore exploration expenditure.
Exceeding targets, securing new exploration blocks, and finalizing long-term strategic partnerships have a significant positive impact on the company's future growth prospects and operational achievements.
The company exceeded its drilling and seismic survey targets, finalized a significant long-term MoU, and secured a new exploration block, all indicating positive operational and strategic progress.
Central Mine Planning & Design Institute Limited (CMPDI) has reported significant progress for FY 2025-26. The company surpassed its drilling target of 11.00 lakh meters, achieving 11.505 lakh meters, a 105% accomplishment and a 14% growth over the previous year. This included 4.3 lakh meters from departmental drills and 6.70 lakh meters from outsourced drilling.
In seismic surveys, CMPDI achieved 455.228 Line KM for FY 2025-26, exceeding the annual target of 450.00 Line KM by 101%, reflecting a 4% growth. Additionally, a draft Memorandum of Understanding (MoU) has been finalized between CMPDI and MECL for Energy & Non-Energy Mineral Exploration, set to be effective for the next five years from April 1, 2026, to March 31, 2031. This continues their long-standing collaboration which began in FY 2008-09.
Furthermore, CMPDI has secured a Letter of Intent (LoI) from the Government of Rajasthan for the Nawatala Devigarh REE block, following its participation in an auction. CMPDI submitted a Final Price Offer (FPO) of 36.45% revenue share. The estimated exploration expenditure for this block is ₹24.88 Crore, to be incurred over five years for G4, G3, and G2 exploration stages. The Board has approved an initial capital expenditure of ₹5.43 Crore for the G4 stage exploration in FY 2026-27.
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