Odisha registers over 3-fold increase in mining revenue: Minister

Odisha registers over 3-fold increase in mining revenue: Minister

Bhubaneswar: Odisha’s mining revenue has increased more than 3 times in 2021-22 financial year compared to the previous fiscal due to the State government’s initiatives for successful auction of mineral blocks, said Minister of Steel and Mines Prafulla Kumar Mallik.

Speaking at the Minerals, Mining & Metals Conclave organised by the Bengal Chamber of Commerce and Industry (BCC&I) in Bhubaneswar on Friday, the Minister said Odisha has ensured a timely and effective implementation of the amended provisions of law and emerged as the leading state in successfully conducting auction of 37 mineral blocks so far including 22 expired mining leases.

“Steps are also being taken for intensifying the mineral exploration in the State so that more and more mineral blocks can be brought to readiness for auction. The government’s initiatives for successful auction of mineral blocks and timely operationalisation of the mining leases have resulted in constant growth of mining revenue for the state,” he said.

“As against Rs 11,020 crore and Rs 13,791 crore of mining revenue during 2019-20 and 2020-21 financial years, the state has been able to collect Rs 49,858 crore during 2021-22. The collection of mining revenue during 2022-23 upto January 17, 2023 stands at Rs 28973.43 crore,” he added.

The theme of the Conclave was “Minerals, mining and metals sectors in a cooperative federalism structure: Sabka Saath, Sabka Vikas, Sabka Vishwas”.

Chairman of JSPL Naveen Jindal addressed the conclave virtually on “Atmanirbhar Bharat: Building Infrastructure for the Growth of Mining and Metals Industries”. Pankaj Lochan Mohanty, CMD, MGM Minerals was also present.

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