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Katni Mining Conclave Nets About Rs 56,400 Crore in Proposals as Madhya Pradesh Signs Tech MoUs

Tech-focused MoUs aim to speed execution across critical minerals.

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Madhya Pradesh CM Mohan Yadav | Image: Facebook

Overview

  • Eight mining companies submitted investment proposals totaling about Rs 56,400 crore, according to Chief Minister Mohan Yadav.
  • Nine mineral blocks and two coal blocks auctioned during the event drew reported production-linked investments of roughly Rs 34,224 crore.
  • Agreements were signed with Coal India for critical-mineral exploration and value addition, with TEXMin/ISM Dhanbad for AI, IoT, blockchain and remote sensing in mining, and with IISER Bhopal for mineral exploration research.
  • Named proposals included Rs 15,000 crore from Singhal Business for coal gasification and renewables, Rs 3,950 crore from Sayana Group for iron ore and bauxite-based units, Rs 1,850 crore from Ramnik Power & Alloys, and Rs 850 crore from Vinmir Resources.
  • The government highlighted reduced approvals from 29 to 10 and night-shift permissions for women, and flagged upcoming PPP MoUs for four medical colleges on August 25 plus sectoral conclaves in Ujjain and Gwalior.