+
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
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code