Date | Oct 18, 2017:
Overcoming various hurdles, the mining department has not just sold 21 plots of miner mineral through e-auction, but are also successful in fetching a much higher price. Some of the plots went for as high as 1000 per cent of the reserve price.
The department had claimed of auctioning 1000 mining plots, but in the first phase only 53 plots could be put up for auction due to forest and revenue related hurdles. There were 41 bids for these plots in 8 districts out of which 16 received only either single or two bids therefore keeping them out of the auction process.
Only 21 plots went into auctions. These sandstone plots especially in Bhilwara fetched 1000 percent of the reserve price. In the first phase 11 plots in Bhilwara, 8 in Sikar and 2 in Sirohi were sold. Despite partial success, the mining department is excited began process to sell 132 plots in the next phase. However, there are worries about not receiving adequate bids for half the plots. Besides, these empty plots have issues related to revenue and pasture land.
Therefore, the department is not able to execute its plan of selling 300 plots.
The department claims that first phase has completed partially and though results were not as per expectations but are encouraging.
However, there are worries about not receiving adequate bids for half the plots. Besides, these empty plots have issues related to revenue and pasture land.
The department claims that first phase has completed partially and though results were not as per expectations but are encouraging.
Bids for 41 out of 53 plots of miner mineral
Inadequate bids for 16 plots
Bids placed for 21 plots
More than 1000% bids for some plots
Plots auction in Bhilwara 1, Sikar 8 and Sirohi 2
(Source: http://www.dnaindia.com/)