Odisha gets Rs 895 cr by signing supp lease deeds: Minister

Bhubaneswar: Odisha has received Rs 895 crore by signing supplementary lease deeds with 21 mining companies, steel and mines minister Prafulla Kumar Mallick said.

“The State got Rs 895 crore as stamp duty and registration fees,” Mallick said, while adding that 29 mines were asked to sign supplementary lease deeds as per provisions of the new MMDR Act, 2015.

The supplementary lease deeds envisaged extension of lease deeds of certain mines whose lease period had expired.

The new MMDR Act, 2015 allowed extension of lease period of captive mines by 15 years, while the non-captive mines were allowed to operate till 2020.

The government had allowed the lessees to sign the supplementary lease deeds within three months with all statutory clearances.

Mallick said the inter-departmental committee headed by the development commissioner has recommended opening of seven more mines in the state as per provision of the MMDR Act.

“The leaseholders will be asked to sign supplementary lease deeds after approval of the chief minister to open these mines,” Mallick added.