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
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?