Chandigarh, July 6: The state government secured bids worth Rs206 crore in the second e-auction of sand mines today. The process was conducted under the supervision of a retired High Court judge and two IAS officers. The IAS officers were drawn from departments other than mining to ensure transparency in the bidding for 55 quarries.
Of these, 43 were put on auction. In all, 306 bidders participated in the e-auction that would release around 29 lakh tonnes of material to mark a substantial addition to the existing capacity, thereby further easing the demand pressure and stabilising sand prices in the market, an official spokesperson said.
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The mines were located in high-demand areas of Ludhiana, Ropar, Jalandhar, Pathankot and Amritsar, he said. Another auction would be held next month. The first e-auction of 89 mines, conducted after the installation of the new government in May, had generated revenue of Rs 280 crore.
Source: tribuneindia.com
