Bihar has discovered nine mineral reserves and is gearing up to auction the mineralised areas. This has led the Bihar government to engage SBI Capital Markets as ‘transaction advisor’ and Metal Scrap Trading Company for providing the platform for the auction. The cabinet approved the proposal to engage both the organisations and a budget of INR 2.2 crore has been allocated for this process. The mineral reserves are spread across six districts – Jamui, Rohtas, Gaya, Aurangabad, Munger and Jehanabad. The auction process is set to begin soon.
During a cabinet meeting chaired by Chief Minister Nitish Kumar, a proposal mooted by the additional chief secretary (mines and geology department) Parmar Ravi Manubhai was approved. After engaging SBI Capital Markets and Metal Scrap Trading Company, both organisations will provide necessary assistance in the form of auction and sales of mineral resources found in Bihar.
The discovery of these mineral reserves has been a significant milestone for Bihar, opening up new avenues and opportunities for business and growth in the state.
Bihar commences process to auction nine mineral blocks
Date:
Updated: [falahcoin_post_modified_date]
[single_post_faqs]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
