Govt plans to auction 2 limestone blocks in October

Press Trust of India  |  New Delhi 

The government plans to two limestone blocks having reserves of around 600 million tonne (MT), in October.

Of the two blocks, one is in and the other is in Gujarat, according to an official document.

The Chintalayapalle-Abdullapuram-Korumanipalli (CAK) limestone block in with reserves of 104.68 MT will be auctioned on October 12.

The Bhatvadiya block in with reserves of 477.2 MT will go under the hammer on October 17, the document said.

Meanwhile, the of two iron ore blocks in Odisha having reserves of around 100 MT has been deferred, it said.

The Centre had earlier said it was considering granting all approvals, including environmental clearance, to mineral blocks before putting them up for sale, a move that may give a push to the

Government says may not make much progress in auctioning of mineral blocks in the future unless issues related to green clearances and land rights are addressed upfront.

It has given in-principle approval to provide single clearance for environment and forest to the new lease holders of the 288 mining leases expiring in two years.

From the 50 mineral blocks auctioned so far, the government will earn a revenue of Rs 1.81 lakh crore over the lease period.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 02 2018. 16:45 IST