+
New Mining Policy to Revive 2,000 Units in Andhra Pradesh
COAL & MINING

New Mining Policy to Revive 2,000 Units in Andhra Pradesh

The new Minor Mineral Policy approved by the Andhra Pradesh Cabinet is expected to revive 2,000 non-operational units and benefit around 200,000 workers, according to the Federation of Minor Mineral Industry (FEMMI).

In a statement issued on Tuesday, FEMMI Secretary General Dr Ch. Rao expressed gratitude to Chief Minister N. Chandrababu Naidu and Principal Secretary of Mines Praveen Kumar for addressing long-pending industry concerns. He noted that the policy would enhance the sector’s contribution to the State’s Gross Domestic Product.

The policy includes clearing backlogged applications, minimal penalties for one-time settlements, and free transfer of leases to family members upon a leaseholder’s death. It also shifts to tonnage-based seigniorage, eliminates multiple taxation, and allows installment-based premium payments, which Rao says will benefit small operators and attract new investment.

Mining leases for road metal, gravel, and building stone will now follow a first-come, first-served application process, while the auction system will apply only to minerals such as silicon, sand, quartz, and dolomite.

Image Source:ismenvis.nic.in

The new Minor Mineral Policy approved by the Andhra Pradesh Cabinet is expected to revive 2,000 non-operational units and benefit around 200,000 workers, according to the Federation of Minor Mineral Industry (FEMMI). In a statement issued on Tuesday, FEMMI Secretary General Dr Ch. Rao expressed gratitude to Chief Minister N. Chandrababu Naidu and Principal Secretary of Mines Praveen Kumar for addressing long-pending industry concerns. He noted that the policy would enhance the sector’s contribution to the State’s Gross Domestic Product. The policy includes clearing backlogged applications, minimal penalties for one-time settlements, and free transfer of leases to family members upon a leaseholder’s death. It also shifts to tonnage-based seigniorage, eliminates multiple taxation, and allows installment-based premium payments, which Rao says will benefit small operators and attract new investment. Mining leases for road metal, gravel, and building stone will now follow a first-come, first-served application process, while the auction system will apply only to minerals such as silicon, sand, quartz, and dolomite.Image Source:ismenvis.nic.in

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code