December 03, 2008

Chhattisgarh earns INR 7 billion in mineral royalty

IANS reported that Chhattisgarh has earned around INR 7 billion royalty on coal, bauxite and iron ores during April to December 2007 period. It earned INR 8.32 million royalty revenue in the last fiscal year 2006-07 and INR 7.37 million in fiscal 2005-06.

Officials of the state directorate of mining said that the state has net up INR 6.95 billion till December 2007. They claimed that the total revenue receipt on minerals would be well over INR 9 billion in the current fiscal when the final calculation is made after March 31st 2008.

Coal and bauxite abundant Korba district topped the list of highest revenue contributor till December 2008 with INR 3.71 billion followed by Korea and Raigarh districts with INR 940 million and INR 558 million respectively.