Latest Development

OMMPL Acquires Bhukia-Jagpura Gold Mine

We are thrilled to announce that our Managing Director and Promoter, Mr. Saiyyed Owais Ali, has been declared the Preferred Bidder for the Bhukia-Jagpura Gold Mining Lease Block in the Banswara district of Rajasthan.

Mr. Saiyyed Owais Ali (MSTC Regn. Number: 502742), Director of Owais Metal and Mineral Processing Limited, has successfully submitted the Highest Final Price Offer, positioning us as the Preferred Bidder for this significant block.

We are pleased to share this remarkable progress in our operations.

Allocation and Tender Details

Explore the key information and progress made by OMMPL.

Allocation Details

  • Date of Allocation: 08/03/2024
  • Governing Body: Department of Mines & Petroleum, Government of Rajasthan

Tender Process

  • Tender Announcement: 08/03/2024

Bidding Process

  • Technical Bid Submission (% of equity to Govt)
  • Selection of top 5 Bidder out of all qualified bidders
  • Online auction conducted between 8 bidders
  • H1 Bidder got the final tender

Competitors:

  • Hirakund Natural Resources Limited, Ahmedabad (Adani)
  • Ramgad Minerals and Mining Limited, Karnataka
  • Hindustan Zinc Limited, Udaipur
  • Jindal Power Limited, Chhattisgarh

Location and Size

The Bhukia-Jagpura Gold Mine is located in Bhukia Jagpura, Tehsil- Ghatol & Ganoda, District- Banswara, Rajasthan. It spans 840.26 hectares (8.40 sq km) with an estimated reserve of 113.52 million tons valued at ₹11,000 crore.

Operational Plans

We plan to commence operations in April 2028, utilizing advanced underground mining techniques and automation, backed by our extensive industry experience.

Strategic Importance:

This acquisition is a significant milestone for OMMPL, enhancing our portfolio and positioning us for long-term growth. The strategic location and rich reserves offer substantial potential for expansion and profitability.

Community and Economic Impact:

The project is expected to generate significant employment opportunities and drive economic development in the local community, reinforcing our commitment to social responsibility and sustainable development.

Statements from Leadership:

Mr. Saiyyed Owais Ali, Director

"Our acquisition of the Bhukia-Jagpura Gold Mine underscores our commitment to sustainable growth and excellence in the mining sector. We are dedicated to responsible mining practices, ensuring environmental stewardship, and creating value for all stakeholders."

Mrs. Ayushi Porwal, General Manager

"This strategic acquisition allows us to expand our operations and enhance our economic impact in the region. We are focused on maximizing efficiency and fostering positive community relations."