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Madhya Pradesh Secures Rs 56,440 Crore in Mining Proposals at Katni Conclave

The state casts the outcomes as a catalyst for tech-led modernization to accelerate mine development.

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Overview

  • Chief Minister Mohan Yadav said auctions of nine mineral blocks and two coal blocks drew Rs 34,224 crore in production-linked commitments.
  • Three MoUs were signed, including with Coal India Limited for critical mineral exploration, TEXMin Dhanbad for AI, IoT, blockchain and remote sensing applications, and IISER Bhopal for mining research.
  • Eight companies submitted proposals, with Singhal Business pledging Rs 15,000 crore, Vinmir Resources Rs 850 crore, Ramnik Power & Alloys Rs 1,850 crore, and Sayana Group Rs 3,950 crore.
  • Officials highlighted recent ease-of-doing-business steps, cutting 29 permissions to 10 and permitting women to work night shifts under amended labour norms.
  • Yadav flagged next steps including sectoral conclaves in Ujjain and Gwalior and a planned August 25 signing of PPP MoUs for four medical colleges in Katni.