The Business Bytes
TBB BUREAU
BHUBANESWAR, FEB 18, 2021
Odisha Chief Minister Naveen Patnaik and Union Mines Minister Pralhad Joshi jointly inaugurated the production in Jiling-Langlota and Guali iron ore blocks of the Odisha Mining Corporation (OMC) today.
These two mines are targeted to produce 12 billion tonnes of iron ore annually which will increase OMC’s production to 20 billion tonnes.
These iron ore blocks were recently reserved for the OMC within a short time of 25 days, after a request was made by the Odisha government, in order to ease the shortage of iron ore in the state.
Patnaik said the commencement of production in the mines will help stabilise iron ore market and meet industry’s demand.
Stating that Odisha has always supported reforms in the mining sector, the Chief Minister stressed the need for both the state and Centre to work together to realise the huge potential of Odisha.
Patnaik also thanked the Union Minister for faster allocation of the mines and giving clearances in short time.
Joshi said: “These mines will help in stabilising the supplies for small industries and will generate huge employment opportunities in the state. The two mines will generate approximately Rs 4,000-5,000 crore of annual revenue for the state of Odisha.”
He also requested Patnaik to bring more mines into auction and for operationalisation of all non-working mines, to increase the production and revenue generation in the state.
