Industry

Govt. plans to auction over 100 mineral blocks in six months

Pump-priming: Jharkhand will auction 20 blocks, the highest among the States.   | Photo Credit: Bhagya Prakash K.

Having secured ₹1.81 lakh crore in its kitty from e-auction of 50 mineral blocks, the government is looking to put on block another 100 mines in the next six months, according to the Ministry of Mines.

The government, so far, has auctioned 50 mines, including 23 limestone, 17 iron ore, 4 gold, 2 each of manganese and graphite blocks and one bauxite and diamond block each.

There are 102 blocks in the pipeline to be auctioned by March in Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Assam, as per a report by the Ministry of Mines on progress of block auction.

As per the report, Jharkhand will auction the highest 20 blocks followed by Rajasthan (16) and Madhya Pradesh (13) and Maharashtra (13). Of these 102, the government plans to auction two limestone blocks in October. Of the two blocks, one is in Andhra Pradesh and the other is in Gujarat.

The Chintalayapalle-Abdullapuram-Korumanipalli (CAK) limestone block in Andhra Pradesh with reserves of 104.68 million tonnes (MT) will be auctioned on October 12. The Bhatvadiya block in Gujarat with reserves of 477.2 MT will go under the hammer on October 17.

Push to auctions

The Centre had earlier said it was considering granting all approvals, including environmental clearance, to the mineral blocks before putting them up for sale.

From the 50 mineral blocks auctioned so far since 2015, the government will earn a revenue of ₹1.81 lakh crore over the lease period.

 


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Printable version | Jan 22, 2022 12:14:26 PM | https://www.thehindu.com/business/Industry/govt-plans-to-auction-over-100-mineral-blocks-in-six-months/article25150468.ece

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