214 mineral blocks have been sold since 2015 says government
COAL & MINING

214 mineral blocks have been sold since 2015 says government

According to the government, 214 mineral blocks have been offered for sale since 2015. Since changes to the regulations were introduced last year, the number of blocks offered for sale each year has increased by three times.

In contrast to the 108 mineral blocks that were placed up for auction over a six-year period, from 2015 to 2021, 106 blocks have been sold in the past 1.5 years, starting in April 2021.

Even though there are far fewer working auctioned mines (36) than there are working non-auctioned mines (405), premiums from auctioned mines are outpacing royalties from all working mines.

In three states, including Odisha and Karnataka, the total auction premium from the mines that were put up for auction in FY'22 was Rs 211.48 billion, as opposed to Rs 212.67 billion from the royalty of all the active mines.

Also read:
FM launches biggest coal mine auction of 141 mines
Chhattisgarh asks Centre to revoke coal mine clearance


According to the government, 214 mineral blocks have been offered for sale since 2015. Since changes to the regulations were introduced last year, the number of blocks offered for sale each year has increased by three times. In contrast to the 108 mineral blocks that were placed up for auction over a six-year period, from 2015 to 2021, 106 blocks have been sold in the past 1.5 years, starting in April 2021. Even though there are far fewer working auctioned mines (36) than there are working non-auctioned mines (405), premiums from auctioned mines are outpacing royalties from all working mines. In three states, including Odisha and Karnataka, the total auction premium from the mines that were put up for auction in FY'22 was Rs 211.48 billion, as opposed to Rs 212.67 billion from the royalty of all the active mines. Also read: FM launches biggest coal mine auction of 141 mines Chhattisgarh asks Centre to revoke coal mine clearance

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code