Shree Cements limited has emerged as the highest bidder for limestone deposit at village Karhi Chandi in Baloda Bazar-Bhatapara district having estimated reserve of 155 million tonnes spread over 242 hectares in an e-auction conducted by the Chhattisgarh Government on February 18, 2016, the company has informed the Bombay Stock Exchange (BSE).
The official confirmation from Government of Chhattisgarh declaring Shree Cement as the winner of the above deposit is awaited, it informed the stock exchange.
Significantly, in the month of May last year, Chief Minister Raman Singh had stated that minerals extracted in Chhattisgarh should be used for units located in the State on a priority basis. This will boost revenue collections and also increase job opportunities while addressing the 9th meeting of Chhattisgarh Mineral Development Fund Advisory Committee.
The meeting was organised by State Mineral Resources Department in which the Chief Minister was informed about various projects underway to explore minerals in the State.
The Chief Minister had stressed over undertaking of mineral prospecting work by Chhattisgarh Mineral Development Corporation (CMDC) in the meeting.