28 MAY 2015business-standard
Odisha proposes bauxite mines lease for L&T
Edited by : AL CIRCLE
2 min read
Ending years of uncertainty, the Odisha government has recommended to the Centre for allotment of two bauxite deposits, Kutrumali and Sijimali in south Odisha, to engineering & construction giant Larsen & Toubro (L&T).
L&T held the prospecting licence (PL) for these deposits for last two decades. But the state was unwilling to recommend its case for grant of mining lease (ML) as the company did not have any end use plant in the state.
"The state government has recommended L&T's case to the Union mines ministry for award of ML over the two bauxite deposits. Since L&T holds a PL, it is eligible to get the ML under the amended Mines and Minerals - (Development & Regulation) Act, 2015," said an official with direct knowledge of the matter.
R K Sharma, principal secretary (steel & mines), Odisha refused a comment on the matter. Earlier, this month, L&T's group executive chairman A M Naik met the chief minister Naveen Patnaik, impressing upon him the need to recommend the company's case for ML over the bauxite deposits. Kutrumali and Sijimali, located across Rayagada and Kalahandi districts, have combined reserve of 300 million tonne of bauxite.
To see previous news coverage on the topic, click here
L&T held the prospecting licence (PL) for these deposits for last two decades. But the state was unwilling to recommend its case for grant of mining lease (ML) as the company did not have any end use plant in the state.
"The state government has recommended L&T's case to the Union mines ministry for award of ML over the two bauxite deposits. Since L&T holds a PL, it is eligible to get the ML under the amended Mines and Minerals - (Development & Regulation) Act, 2015," said an official with direct knowledge of the matter.
R K Sharma, principal secretary (steel & mines), Odisha refused a comment on the matter. Earlier, this month, L&T's group executive chairman A M Naik met the chief minister Naveen Patnaik, impressing upon him the need to recommend the company's case for ML over the bauxite deposits. Kutrumali and Sijimali, located across Rayagada and Kalahandi districts, have combined reserve of 300 million tonne of bauxite.
To see previous news coverage on the topic, click here
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