Home Odisha With Royalty Collection Rs 7,581 Crore Odisha Tops Mineral Production

With Royalty Collection Rs 7,581 Crore Odisha Tops Mineral Production

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Odisha bagged the top position in terms of the assessed value of the mineral production in India with a share of 24.68 per cent in the national output. In Odisha, the total amount of the mineral output was 30,256 crore in 2018-19 with around 49.95 pc change in the value as compared to the last year.

In 2017-18, the production value of mineral was 20,177 crore which is exhibited in the annual report of the Ministry of Mines for 2019-20. With the share of 16.9 pc of the National Mineral Production of Rajasthan which is followed by Odisha and then to Karnataka of around 8.76 pc, to Andhara Pradesh of 8.46 pc to Chhattisgarh of 7.81pc, Telengana of 6.69pc and Gujurat of 5.19 pc. 

In the mining sector, the revenue obtained is one of the significant sources of income for Odisha, and the State successfully continued to show steady growth over the past years. In 2015-16 the royalty accrual from minerals which was 3,413.73 crore and in 2018-19 the amount doubled with an amount of 7,581.49 crores.

According to the report, Odisha is a significant generator of bauxite with a 65 pc contribution to the total national output of 23,688,000 tonnes during 2018-19 registering an annual growth of 6 pc. It is followed by Jharkhand -10.18 pc, Gujarat -9.21 pc, Chhattisgarh – 6.47 pc and Maharashtra -6.02 pc, while Madhya Pradesh and Goa contributed the remaining three pc.

Among the complete production of bauxite, the share of the public sector was 46 pc, and the private sector provided the remaining 54 pc. In 2018-19 the production of Chromite was at 3,971,000 tonnes which developed by 14.1 pc over last year. And Odisha reported the entire output of Chromite.

Even Odisha successfully holds the top position in iron ore production with the contribution of 55 pc to the total national output of lumps, fines and concentrates of 206 million tonnes from 268 mines in 2018-19.

In India, the total value of metallic minerals was 64,044 crore in 2018-19. And last year the registering growth was of 26.91 pc.  Among the primary metallic minerals, iron ore contributed Rs 45,185 crore, zinc concentrate Rs 5,608 crore, chromite Rs 3,584 crore, silver Rs 2,582 crore. In contrast, the balance was shared by manganese ore, bauxite, lead, copper, gold, and tin concentrates.

The Ministry of Mines reported that Mining revenue is one of the significant source incomes in Odisha. The State is the major bauxite producer with a 65 pc contribution to the national production of 23, 688, 00 tonnes. And it also reported almost the entire output of Chromite at 3,971,000 tonnes in 2018-19. Even in the iron production, Odisha is at the top position with a contribution of 55 pc to the total national output.

Article Written by Dikhya Mohanty


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