India: Odisha collects INR 4.73 Billion as Stamp Duty

Odisha government has collected INR 4.73 billion as stamp duty because lease deeds have been signed for 19 mines.

The government of Odisha has so far collected INR 4.73 billion as stamp duty from miners because lease deeds (agreements) of 19 mining lease, including 6 captive mines of Tata Steel have been executed. All the 6 Tata’s mines and 7 merchant mines (out of 13) have registered the supplementary lease with the respective district collectors.

The state aims to collect about INR 10 billion revenue as stamp duty from the miners, who have been cleared for lease extension, as per the MMDR act, 2015. The 6 Tata’s mines are Joda East, Joda West, Manmora, Khandbandh, Tiringpahar and Bamebari.

The state government, while considering the recommendations of inter-departmental committee, had allowed reopening of 29 mines including 26, which had remained closed following the Supreme Court’s verdict in May’14. Of these, 25 are Iron & Manganese ore mines. The mines will be reopened as per the provisions of the new Mines & Mineral (Development & Regulation) Act, 2015. The act has allowed operation of the non-captive mines till 2020 and captive mines till 2030 under sections 8(A) 5 and 8(A) 6.

List of Mines Executed in Odisha

Name of Lessee Name of the Mines Supplementary Lease
Deed Executed
Whether Registration
Completed
OMM Patamunda Executed  –
OMM Bhanjikusum Executed  –
OMM Orahuri Executed  –
KN Ram Tanto, Keonjhar Executed  –
MESCO Tanto, Roida-1, Keonjhar  –  –
AMTC Nayaposhi Iron & Manganese
Mines, Sundergarh
KMC Joruri Iron Mines, Keonjhar Executed  –
AMTC Rantha, Randa & Bhutuda,
Sundergarh
 –
Feegrade Nadikasira & Rengalibeda,
Sundergarh
Executed Registered
Rungta Nadikasira & Rengalibeda,
Sundergarh
Executed Registered
Rungta Kalmong-Koida Manganese Mines Executed Registered
B.I.Co Tehrai Iron & Manganese Mines Executed Registered
B.I.Co Nadidihi Iron & Manganese Mines Executed Registered
HG Pandya Jajanga & Bhulubeda, Keonjhar  –
RP Sao Guali, Topasahi, Ragadihi, Keonjhar  –  –
OMM Kusumdihi & Kamado, Sundergarh Executed  –
KJS Ahluwalia Guali, Nuagaon, Keonjhar Executed Registered
Kaypee Enterprises Thakurani Iron & Manganese Mines Executed Registered

Source: Ministry of Mines, Odisha


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