Mining revenue collection targeted at Rs 2500 cr

The state government has set a mining revenue collection target of Rs 2500 crore in the current financial year, a 24.06 per cent growth over Rs 2015 crore which it achieved in 2009-10.

“We have set a mining revenue target of Rs 250 crore for 2010-11. During the April-May period of this fiscal, we have achieved a mining revenue collection of Rs 377 crore. The monitoring is in progress on revenue collection and setting of target for the next fiscal was done at a recent review meeting of the state steel and mines department”, an official source told Business Standard.

 

In 2009-10, the highest mining revenue collection was from the Talcher circle at Rs 504.51 crore followed by Rs 324.51 crore for Sambalpur and Rs 485.62 crore for Joda cricle.

Among the circles which failed to achieve the target in the last fiscal were Talcher, Sambalpur, Jajpur Road, Koraput, Cuttack, Berhampur, Kalahandi and Phulbani.

On the other hand, the collections exceeded the target in six circles namely Joda, Rourkela, Koira, Baripada, Keonjhar, Bolangir.

The mining revenue collection in Rourkela, Koira, Baripada in 2009-10 stood at Rs 139.19 crore, Rs 171.17 crore and Rs 28.27 crore. On the other hand, the Keonjhar and Bolangir circles posted revenue collection of Rs 45.87 crore and Rs 18.17 crore respectively.

It may be noted that the state's mining revenue collection has grown progressively from Rs 930.18 crore in 2006-07 to Rs 2015 crore in 2009-10.