HomeNews News Mines auction to fetch states Rs 1.5 lakh crore in 2017-18: Secy Mines auction to fetch states Rs 1.5 lakh crore in 2017-18: Secy

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Mines auction to fetch states Rs 1.5 lakh crore in 2017-18: Secy

Mines auction to fetch states Rs 1.5 lakh crore in 2017-18: Secy

Friday, March 10, 2017, 12:16 PM

Mines auction is likely to fetch Rs 1.5 lakh crore to states kitty in 2017-18. The first tranche of auctions, which started last year, saw bidding of 21 mine blocks that fetched Rs 73,000 crore to states. Mines Secretary Arun Kumar said, "We are looking at an auction of 100 blocks in 2017-18."
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