Odisha collects Rs 28,973 cr mining revenue in current financial year
COAL & MINING

Odisha collects Rs 28,973 cr mining revenue in current financial year

The Odisha government has collected a total of Rs 28,973.43 crore revenue from mining up to January 17 of the current financial year, state Steel and Mines Minister Prafulla Mallik.

As against Rs 11,020 crore and Rs 13,791 crore of mining revenue collected during 2019-20 and 2020-21, the state has been able to collect Rs 49,858 crore of mining revenue during 2021-22, he said.

Mallik said this while addressing the Minerals, Mining and Metals Conclave being organised by the Bengal Chamber of Commerce and Industry.

From an installed capacity of about 4 million tonnes per annum (MTPA) of crude steel in the year 1999-2000, the state has progressed to have, as of now, 47 steel industries with a total capacity of over 33 MTPA which is about one-fourth of the country's total installed capacity, Mallik said.

Informing about the steps taken by the state government, he said the state has ensured a timely and effective implementation of the amended provisions of law and as has been presented, Odisha has become the leading state in successfully conducting an auction of the 37 mineral blocks so far including 22 expired mining leases.

In regards to the minor mineral sector, he said, the state is also taking adequate steps for the identification of new minor mineral sources and bringing them to the process of operation. The revenue from the minor mineral resources stood at Rs 680 crore in the previous financial year.

Mallik said one of the major challenges for the mineral industries of the country is to properly utilise lower-grade minerals which are never put to use because we do not have the requisite technology to use.

"By utilising these lower grade minerals, we can protect the environment and prevent misutilisation and non-use of these minerals," he suggested.

Only 7 to 8 years ago, Odisha used to get approximately Rs 5,000 crore revenue from the mining sector but last year it became Rs 50,000 crore which in return led to quality education, healthcare and better infrastructure, said Vivek Bharadwaj, Secretary, Ministry of Mines.

Also Read
In Karnataka CESC gets 10,000 applications for rooftop solar systems
343 infra projects witness estimated cost exceeding

The Odisha government has collected a total of Rs 28,973.43 crore revenue from mining up to January 17 of the current financial year, state Steel and Mines Minister Prafulla Mallik. As against Rs 11,020 crore and Rs 13,791 crore of mining revenue collected during 2019-20 and 2020-21, the state has been able to collect Rs 49,858 crore of mining revenue during 2021-22, he said. Mallik said this while addressing the Minerals, Mining and Metals Conclave being organised by the Bengal Chamber of Commerce and Industry. From an installed capacity of about 4 million tonnes per annum (MTPA) of crude steel in the year 1999-2000, the state has progressed to have, as of now, 47 steel industries with a total capacity of over 33 MTPA which is about one-fourth of the country's total installed capacity, Mallik said. Informing about the steps taken by the state government, he said the state has ensured a timely and effective implementation of the amended provisions of law and as has been presented, Odisha has become the leading state in successfully conducting an auction of the 37 mineral blocks so far including 22 expired mining leases. In regards to the minor mineral sector, he said, the state is also taking adequate steps for the identification of new minor mineral sources and bringing them to the process of operation. The revenue from the minor mineral resources stood at Rs 680 crore in the previous financial year. Mallik said one of the major challenges for the mineral industries of the country is to properly utilise lower-grade minerals which are never put to use because we do not have the requisite technology to use. By utilising these lower grade minerals, we can protect the environment and prevent misutilisation and non-use of these minerals, he suggested. Only 7 to 8 years ago, Odisha used to get approximately Rs 5,000 crore revenue from the mining sector but last year it became Rs 50,000 crore which in return led to quality education, healthcare and better infrastructure, said Vivek Bharadwaj, Secretary, Ministry of Mines. Also Read In Karnataka CESC gets 10,000 applications for rooftop solar systems 343 infra projects witness estimated cost exceeding

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?