Telangana Auctions Limestone Mines in Landmark Move

05 Dec 2024 CW Team

Telangana has become the 13th state to join India鈥檚 mineral auction regime by successfully auctioning two limestone blocks in November. The auctions for the Saidulnama and Sultanpur limestone blocks, held on November 22, were won by Deccan Cements and NCL Industries, marking a significant step in the state鈥檚 mining sector.

The auction of these mines follows the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2015, which laid the foundation for mineral auctions across the country. Telangana had delayed its entry into the regime under previous political leadership but has now joined other states in the auction process.

Limestone is essential for construction, agriculture, and cement production, and the successful auction of these blocks is expected to boost the state鈥檚 industrial growth. The central government is also encouraging mineral-rich states to auction their mines to increase the supply of minerals for various industries.

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