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29 mineral blocks worth resource value of Rs 1.56 lakh crore auctioned

Of the 29 blocks, 21 mines with a value of resources of Rs 0.93 lakh crore auctioned till March 31

Press Trust of India  |  New Delhi 

29 mineral blocks worth resource value of Rs 1.56 lakh crore auctioned

The government today said 29 minerals blocks with resources valued at about Rs 1.56 lakh crore have been in nine states so far and 27 more will be put under the hammer.

"As on date, 29 with an estimated total value of resources of Rs 1,56,746 crore have been successfully in Andhra Pradesh, Chhattisgarh Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan," Power, Coal, New and Renewable Energy and Mines Minister said in a written reply to the Lok Sabha.


Besides, another 27 will be put under auction in Jharkhand, Chhattisgarh and Odisha, he said.

Of the 29 blocks, 21 mines with an estimated value of resources of Rs 0.93 lakh crore were till March 31 this year, he said.

The minister said the mines ministry has provided hand-holding support to state governments to facilitate auction process with the support of IBM, MECL, MSTC, MECON and SBI Caps.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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