The Economic Times
Expect royalty payout to double due to new mining bill: BL Bagra, NALCO Ltd
Edited by : AL CIRCLE
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Mr.Bagra,Nalco CMD says in an interview that as far as NALCO is concerned,their annual payment of royalty on the bauxite, which they are mining presently is in the range of Rs 60 crores. However, that was based on the pre-expanded capacity. Now that their second phase of expansion of alumina refinery has just been commissioned, from October onwards their bauxite production will also be higher. For the current fiscal, the additional thing for the year 2011-2012 will be in the range of 75 crores but from the next year on a full year basis. It will be in the range of 85 crores.
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