Rs. 174 crore revenue received from 4th phase e-auction of sand

Bhopal: Madhya Pradesh Mineral Development Corporation has earned revenue of Rs. 174 crore 36 lakh from 4th phase of e-auction of sand mines in the state. This is Rs. 87 crore 6 lakh more than offset value of sand mines Rs. 87 crore 30 lakh. It is noteworthy that bids were opened in 77 groups in 4th phase e-auction of sand mines on May 28, 29 and 30. In it, 129 bidders participated and bids were sanctioned in 36 groups.

Detailed information can be obtained from website www.mpsmcl.mp.gov.in regarding 4th phase of e-auction. Fifth phase of e-auction will be held on June 11 and 12.

It may be mentioned that Rs. 277 crore 36 lakh revenue was received from first phase of e-auction, Rs. 182 crore 81 lakh second phase and Rs. 284 crore 73 lakh from third phase. In all, Rs. 919 crore 26 lakh revenue has been received from 4 phases. This amount is Rs. 271 crore 12 lakh more than offset value of these sand mines Rs. 648 crore 14 lakh.
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