Bihar govt processes auction for iron ore mines worth INR 200 bn
COAL & MINING

Bihar govt processes auction for iron ore mines worth INR 200 bn

According to an official, the Bihar government has started the process of auctioning glauconite and iron ore reserves worth INR 200 billion in the districts of Rohtas and Jamui and will engage SBI Capital Markets to create a report for the process. In order to start the auction process, the government recently met with a number of interested parties, according to Additional Chief Secretary-cum-Mines Commissioner Harjot Kaur Bamhrah. According to her, the state government will soon issue an order appointing SBI Capital Markets as the transaction advisor and asking them to recommend the terms and conditions on which the auctions should be held.

Glauconite, a major potassium source in fertilisers, helps to increase soil fertility while iron ore is a crucial component of steel production. Prior to the establishment of Jharkhand in 2000, there was a misconception that Bihar had lost its mineral richness, she added. In reality, Bihar possesses enough mineral resources to expand its economy. The Bihar government has started a procedure to authorise mining activities for the state's mineral deposits for the first time since the establishment of Jharkhand. Additionally, she added, the state government has chosen to modify its industrial promotion strategy in order to include clauses that will promote private investment in the mining industry.

In a recent meeting presided over by the state chief secretary, it was decided to make the necessary revisions to the Bihar Industrial Promotion Policy to encourage private participation in the mining sector, similar to what the governments of Odisha, Chhattisgarh, and Jharkhand have done. In the Pipradih and Chutia-Nauhatta blocks of Rohtas district, the state government has set aside two glauconite mines valued INR 140.48 billion for auction. Additionally, she added, the Mines and Geology Department has decided to permit mining operations in the INR 60 billion worth of iron ore resources in Jamui.

According to Bamhrah, the SBI CAPS would determine the details of the mineral auction, including block demarcation and evaluation, the tendering process, the determination of the reserve price, and eligibility requirements. She noted that the state has seven blocks of rare minerals available for the auction.

According to an official, the Bihar government has started the process of auctioning glauconite and iron ore reserves worth INR 200 billion in the districts of Rohtas and Jamui and will engage SBI Capital Markets to create a report for the process. In order to start the auction process, the government recently met with a number of interested parties, according to Additional Chief Secretary-cum-Mines Commissioner Harjot Kaur Bamhrah. According to her, the state government will soon issue an order appointing SBI Capital Markets as the transaction advisor and asking them to recommend the terms and conditions on which the auctions should be held. Glauconite, a major potassium source in fertilisers, helps to increase soil fertility while iron ore is a crucial component of steel production. Prior to the establishment of Jharkhand in 2000, there was a misconception that Bihar had lost its mineral richness, she added. In reality, Bihar possesses enough mineral resources to expand its economy. The Bihar government has started a procedure to authorise mining activities for the state's mineral deposits for the first time since the establishment of Jharkhand. Additionally, she added, the state government has chosen to modify its industrial promotion strategy in order to include clauses that will promote private investment in the mining industry. In a recent meeting presided over by the state chief secretary, it was decided to make the necessary revisions to the Bihar Industrial Promotion Policy to encourage private participation in the mining sector, similar to what the governments of Odisha, Chhattisgarh, and Jharkhand have done. In the Pipradih and Chutia-Nauhatta blocks of Rohtas district, the state government has set aside two glauconite mines valued INR 140.48 billion for auction. Additionally, she added, the Mines and Geology Department has decided to permit mining operations in the INR 60 billion worth of iron ore resources in Jamui. According to Bamhrah, the SBI CAPS would determine the details of the mineral auction, including block demarcation and evaluation, the tendering process, the determination of the reserve price, and eligibility requirements. She noted that the state has seven blocks of rare minerals available for the auction.

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?