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Jayaprakash Power secures sand excavation works in AP
Jaypee Group subsidiary Jayaprakash Power Ventures Limited (JPVL) has secured the bid for sand mining in Andhra Pradesh, offering an annual revenue of Rs 765 crore to the state government.
Metal Scrap Trade Corporation Ltd (MSTC Ltd), a Mini-ratna PSU under the Ministry of Steel, selected the successful bidder on behalf of the state government.
JPVL would undertake sand mining, storage, and sale for a period of two years under the upgraded sand policy, 2019.
The government divided the state into three zones for sand excavation in different reaches, and JPVL offered the highest price for each of the three packages.
The state earned Rs 161.30 crore revenue from sand in 2019-20 and Rs 380 crore in FY 2021 (up to February).
The price of sand will be uniform at each reach across the state, with an upper ceiling regionally based on distance.
Customers can lodge a complaint to the concerned authorities if higher rates are charged. Strict action will be taken on such complaints, the government told the media. However, the government imposed a ban on the sand excavation in patta (private) lands.
Also read: Earthmoving equipment demand on a high
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