Mining revenue up 41 per cent in Apr-Oct

Mining revenue collection in Orissa has surged 41.15 per cent in the April-October period to reach Rs 2497.88 crore compared to Rs 1769.62 crore in the corresponding period of last fiscal.

The revenue from the mining sector till October was targeted at Rs 2093.50 crore. In the month of October alone, the collection was Rs 249.75 crore.

The state has also overshot its mining revenue target in the April-September period of 2011-12. As against the target of Rs 1750 crore, the actual collection was Rs 2241.29 crore.

Mining revenue clocked in the first two quarters of the fiscal is 51.8 per cent higher than Rs 1476.42 crore recorded in the corresponding period of 2010-11.

The Joda mining circle, the epicentre of the state's mining activity, had reported the highest collection at Rs 1049.64 crore during April-September followed by Koira circle at Rs 358.22 crore.

The state government has set a mining revenue collection target of Rs 4000 crore for the current fiscal.