During the 50-year lease, the mines department auctioned four limestone blocks, collecting a record sum of Rs 46,000 crore.
This is one of the greatest auction receipts in the country after the MMDR Act was amended in 2015. The mineral blocks, two in Nagaur and two in Jhunjhunu, received a premium of 185%.
Subodh Agarwal, assistant chief secretary for mines and petroleum, stated that the auctions took place between January 24 and 28. He stated that Dalmia Cement won the bid providing a premium of 192 percent against a reserve price of 51.50 percent for the Parshuram Gothra East block encompassing 460 hectares in Jhunjhunu.
The block is expected to hold 158 million tonnes of limestone deposits. During the 50-year lease, the state would get Rs 13,243 crore in revenue, in addition to Rs 1,419 crore in royalty, DMFT, and other contributions. According to Agarwal, this is the highest premium obtained at any auction in the country. The state will get revenues of Rs 3,277 crore from the Nagaur block. Pamod Jain Bhaya, mines and petroleum minister, said the record premiums are the result of a transparent auction conducted on the portal of the central government.
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