The Mineral Resources Development, Energy and Public Relations Minister, Rajendra Shukla, chaired the 237th meeting of the Board of Directors of the Madhya Pradesh State Mineral Development Corporation here on Thursday. The meeting sanctioned budgetary provisions for the year 2014-15.
At the meeting it was informed that a total net revenue worth Rs758.61 crore is estimated to be received during 2014-15, which is about 300 per cent more than last year. The main reason of it is coalmining with joint sector companies and estimation of receipt of about Rs450 crore corporation's Ameliya North coal block.
Permission has been granted to sell coal from joint sector Ameliya North Coal Block to JP Power Ventures limited. Besides, permission has also been granted to form joint venture of State Mining Corporation and Chhattisgarh Minerals Development Corporation in corporation's Kerwa coal block as per rules.
At the meeting, the Mineral Resources Development Corporation also sanctioned Rs50.58 lakh to develop ancient Chiriya Talab in Rewa district under corporate social responsibility (CCR) head. Sanction was also granted for payment of Rs4.73 lakh for treatment of serious disease of a woman employee's husband, other ex-post facto sanctions and convert present gratuity payment system for corporation's employees to new group gratuity accumulation scheme.
The meeting also sanctioned amendment in channel for entry in employees' confidential report and supply of uniform to class IV employees.Secretary, Mineral Resources Development, and Managing Director, Madhya Pradesh Mineral Resources Development Corporation, Ajatshatru Shrivastava, corporation's Executive Director Kishore Kanyal, Secretary Forests Prashant Kumar, Director Budget Shriman Shukla, Director and Deputy Secretary Neeraj Agrawal and Director Geology and Mining VK Austin were also present on the occasion.