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Friday, November 2, 2012

Odisha fines 27 companies Rs. 58,000 crore for illegal mining

Twenty-seven Odisha mine-owners, including the Tatas, Jindals and Aditya Birla group, have been slapped heavy penalties - totalling around Rs. 58,000 crore - for alleged illegal mining in the state.

The notices sent out by the Odisha government last month say the companies had drawn more iron and manganese ore than they were permitted to from mines leased in Joda, Keonjhar district. Notices were issued on October 26, four days before a visit by the MB Shah Commission to Joda.The commission is investigating illegal mining of iron and manganese ore in Odisha and other states.

The penalties have been calculated according to the market price of the ores. 

The Tata group faces the steepest fine - Rs. 33,000 crore. Essel Mining, owned by the Aditya Birla group, is next: Rs. 4,308 crore. The Jindal group has been asked to pay Rs. 2,845 crore.

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