By Our Correspondent
BHUBANESWAR/JODA/KOIRA: Mines lease holders , those who lost their blocks in 2020 Odisha Mining auction, will likely get more time to evacuate stocks from their old lease hold areas.
Considering the second wave of COVID-19 and impact of first wave, the Naveen Patnaik led Government in Odisha has proposed enabling former mining lease holders whose lease period expired by March 31 2020, to evacuate and liquidate stocks of iron ore lying in lease hold area but extracted before the expiry of their leases.
Earlier, the Government had stipulated that former mining lease holders would have 7 months from the date of expiry of leases to evacuate and liquidate all iron ore stocks extracted before the end of lease terms, until October, 2020.
Meanwhile, due to COVID-19 first and second waves since March 2020, former lease holders said, they had not been able to evacuate stocks extracted during tenure of their leases.It may be noted here that earlier , Odisha Director of Mines had asked former lease holders to evacuate their stocks. KJS Ahluwalia Group, Rungta Mines Group and Essel Mining and Industries Limited of Aditya Birla Group had lost several of their blocks in last bidding.
