New Delhi, June 23 -- India's critical minerals sector has received a major boost with the Ministry of Mines completing the auction of 56 critical and strategic mineral blocks, as per a statement by the Ministry of Mines.

The Ministry auctioned 10 critical and strategic mineral blocks under the Seventh Tranche conducted by the Central Government, taking the total number of successfully auctioned critical and strategic mineral blocks to 56.

"This represents a successful auction rate of over 63%, with 56 blocks auctioned out of 88 unique mineral blocks taken up for auction by the Central Government," the release said.

Additionally, the latest tranche marked the first-ever auction of critical mineral blocks by the Centre in Gujarat, Uttar...