Monday , August 21 2017
Home / News / Telangana / Telangana’s revenue from minor minerals up 69 pc to Rs 357 cr

Telangana’s revenue from minor minerals up 69 pc to Rs 357 cr

Hyderabad: Telangana Mines Department has registered a record 69 per cent growth in revenue from minor minerals other than sand in the first half of this fiscal, the state government said today.

The growth in income from sand is also witnessing a similar trend, it added.

Telangana Mines Minister K T Rama Rao, who held a meeting with officials, said revenue from minor minerals during April to September this year stood at Rs 357.41 crore against Rs 211.4 crore in the corresponding period last year.

Revenue from sand seigniorage fees was recorded at Rs 183.7 crore during the two quarters (April-September) as compared to Rs 117.14 crore in the same period last year.

The minister spoke to the CMD of state-run Singareni Collieries, N Sridhar, and told him to release pending dues of Rs 1,000 crore on royalty payable to the government.

Sridhar told the minister that the pending dues would be paid as early as possible, according to an official statement.

Rao also asked the officials to prepare guidelines for offering performance based incentives to employees of the department, the release added.

PTI