Govt to get over Rs 6,700 crore from auction of two limestone blocks – Feedback

Government is expected to earn a revenue of over Rs 6,700 crore after Chhattisgarh successfully conducted mine lease auction for two large limestone blocks.

Yesterday, Chhattisgarh became the first state in the country to conduct mine lease auction of a limestone block, assuring revenue of around Rs 5,800 crore, including in royalty, DMF and NMET contributions. “Today, Chhattisgarh again successfully conducted a mine lease auction for a limestone block, from which the expected revenue is Rs 928 crore,” a senior government official said. Total revenue to the government will be more than Rs 6,700 crore at prevailing prices from the two blocks in the state, the official added.

http://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/govt-to-get-over-rs-6700-crore-from-auction-of-two-limestone-blocks/articleshow/51059872.cms

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