Mining revenue worth Rs 1,835 cr pending on 24 Odisha mines

Tata Steel, OMC, MCL among defaulters

BS Reporter Bhubaneswar
Last Updated : Feb 09 2015 | 9:10 PM IST
Miners in Odisha are saddled with pending revenue piling up to Rs 1,835 crore, says a statement by finance minister Pradip Amat to the state assembly.

The mining revenue arrear is pending against 24 mines. The dues are yet to be recovered from lessees like Tata Steel, Mahanadi Coalfields Ltd (MCL), Rungta Mines, Aryan Mining & Trading Corporation (AMTC), state run Odisha Mining Corporation (OMC), Tarini Minerals, RP Sao, Indian Aluminium Company and GS Mishra & Sons.

MCL is the biggest defaulter with Rs 1,322.79 crore pending on its single coal mine — Lajkura. Other MCL mines are also yet to clear off dues- Jagannath (Rs 3.89 crore), Bharatpur (Rs 6.08 crore), Ananta (Rs 4.66 crore), Balaram (Rs 5.57 crore), Lingaraj (Rs 4.06 crore), Hingula (Rs 3.73 crore), Bhubaneswari (Rs 6.90 crore), Kaniha (Rs 5.53 crore), Basundhara (Rs 2.59 crore), Orient (Rs 1.29 crore), Rampur (Rs 1.71 crore), Samleswari (Rs 8.60 crore) and Lakhanpur (Rs 9.41 crore).

Similarly, Tata Steel’s Bamebari mine in Joda circle owes Rs 291.32 crore.

OMC is saddled with Rs 4.55 crore dues whereas R P Sao’s Guali mines (Joda) has revenue arrear of Rs 70.21 crore.

Apart from mining revenue, 33 industries owe Rs 1,086.3 crore by way of industrial water cess arrears. The list includes MCL, Talcher (Rs 181.94 crore), Orient Paper Mills, Jharsuguda (Rs 52.92 crore), Shyam DRI Power Ltd, Jharsuguda (Rs 25.85 crore) and Indian Rare Earths Ltd – IREL, Berhampur (Rs 13.75 crore) to name a few.

Besides, power dues worth Rs 2,203.38 crore are pending on 29 firms. National Aluminium Company (Nalco) tops the list with an outstanding arrear of Rs 1,332.47 crore. Others in the list of arrears are Rourkela Steel Plant-RSP (Rs 75.02 crore), Paradeep Phosphates Ltd- PPL (Rs 22.92 crore), Arati Steel & Power Ltd (Rs 34.36 crore), SMC Power Generation (Rs 28.07 crore). Moreover, commercial tax dues totaling to Rs 3,986.16 crore is pending on 57 organisation/industries like RSP, Nalco, Larsen & Toubro (L&T), Jindal Stainless Ltd, Tata Steel, Jindal Steel & Power Ltd (JSPL), ITC Ltd, Birla Tyres and MMTC Ltd and others.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 09 2015 | 8:19 PM IST

Next Story