Centre Doesn’t Owe Any Mining Royalty Dues: Minister

18 Dec 2024 CW Team

The Union govt has denied that it owes Jharkhand around Rs 1.36 trillion in mining (coal) royalty, an issue the mineral-rich state has been raising since long. The statement of the Union finance ministry in the Lok Sabha on Monday could further strain relations between the Centre and the state, where the Hemant Soren-led INDIA bloc govt has been claiming that Jharkhand has been denied its bonafide due in lieu of mining coal by several public sector units. While responding to a query raised by Purnia (Bihar) MP Rajesh Ranjan (Pappu Yadav) in Lok Sabha, Union minister of state for finance Pankaj Chaudhary in a written statement clarified that there is no discrimination in the allocation of funds to states by the Centre. Ranjan sought to know whether the Jharkhand govt's share in tax earned as revenue from coal to the tune of Rs 1.40 trillion has been pending with the Centre for years and the reasons behind it. He also asked whether the Centre is discriminating in the allocation of funds to the states and when will the blocked funds be released to provide impetus to the state in furthering its development works. Replying to it, the minister categorically denied that any share of Jharkhand is pending with the Centre. Chaudhary's statement read, "The Union govt provides funds to states under various heads such as tax devolution, grant-in-aid for centrally sponsored schemes, finance commission transfers, scheme for special assistance to states for capital expenditure/investment. In addition, funds are released in various central sector schemes to be utilised in the state of Jharkhand. Funds are released based on the recommendations of the finance commission, scheme guidelines, fulfilment of the stipulated conditions and submission of utilisation certificates of funds released earlier." As per the response, Jharkhand received Rs 77.9 billion from the Centre over the last three financial years under various heads. The Centre's statement, however, is in contradiction to Hemant govt's claims. In April 2022, former chief secretary Sukhdev Singh letter stated that dues were pending under various categories namely — Rs 29 billion for dues of royalty payable on washed coal; Rs 32 billion related to common cause judgement and Rs 1,01,142 in lieu of govt land acquisition.

The Union govt has denied that it owes Jharkhand around Rs 1.36 trillion in mining (coal) royalty, an issue the mineral-rich state has been raising since long. The statement of the Union finance ministry in the Lok Sabha on Monday could further strain relations between the Centre and the state, where the Hemant Soren-led INDIA bloc govt has been claiming that Jharkhand has been denied its bonafide due in lieu of mining coal by several public sector units. While responding to a query raised by Purnia (Bihar) MP Rajesh Ranjan (Pappu Yadav) in Lok Sabha, Union minister of state for finance Pankaj Chaudhary in a written statement clarified that there is no discrimination in the allocation of funds to states by the Centre. Ranjan sought to know whether the Jharkhand govt's share in tax earned as revenue from coal to the tune of Rs 1.40 trillion has been pending with the Centre for years and the reasons behind it. He also asked whether the Centre is discriminating in the allocation of funds to the states and when will the blocked funds be released to provide impetus to the state in furthering its development works. Replying to it, the minister categorically denied that any share of Jharkhand is pending with the Centre. Chaudhary's statement read, The Union govt provides funds to states under various heads such as tax devolution, grant-in-aid for centrally sponsored schemes, finance commission transfers, scheme for special assistance to states for capital expenditure/investment. In addition, funds are released in various central sector schemes to be utilised in the state of Jharkhand. Funds are released based on the recommendations of the finance commission, scheme guidelines, fulfilment of the stipulated conditions and submission of utilisation certificates of funds released earlier. As per the response, Jharkhand received Rs 77.9 billion from the Centre over the last three financial years under various heads. The Centre's statement, however, is in contradiction to Hemant govt's claims. In April 2022, former chief secretary Sukhdev Singh letter stated that dues were pending under various categories namely — Rs 29 billion for dues of royalty payable on washed coal; Rs 32 billion related to common cause judgement and Rs 1,01,142 in lieu of govt land acquisition.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..