JAMMU- The JK Minerals Limited has generated revenue of Rs. 7.34 Crore ending November during the current fiscal.
This was stated at the 166th meeting of Board of Directors of JK Minerals, held here today under the chairmanship of Minister for Industries and Commerce, Chander Prakash Ganga, who is also the Chairman of Board of Directors.
J&K Minerals Limited (JKML) had earned revenue of Rs 11.59 crore during the last fiscal, while the Corporation has a set target of Rs. 22.02 crore for the current financial year.
The Board reviewed the progress on various projects undertaken by JK Minerals in the state.
The Board was informed by the Managing Director, JKML, A S Hussain that the Corporation has generated revenue to the tune of Rs 8.87 crore against sale of 13796 MTs of coal during last financial year. To make the coal mining activities more viable, the production/ sale target has been fixed at 29,000 MTs for the current financial year.
The exploitation of coal from various coal fields in and around Kalakote was started by the corporation in the year 1961 and till date J&K Minerals Ltd has extracted 10.60 lac tonnes of coal averaging an annual production of 15,000 tonnes.
It was also given out in the meeting that the corporation has also generated revenue of Rs. 2.49 crore from sale of 30842.804 MTs of gypsum extracted from Gypsum mines of Assar, and Parlanka of Doda and Ramban districts during last fiscal.
Various issues pertaining to the development of the corporation were also discussed in the meeting.
Meanwhile, Ganga enjoined upon the management of J&K Minerals Limited to re-double efforts towards making the Corporation more viable. It must become role model for other Public Sector Undertakings, he said.
The Minister called for extracting more minerals wealth in state adding that projects of coal and other minerals would be revitalized so that revenue realization is increased.
Ganga emphasized on proper utilization of human resource so that the overall production would be increased which in turn would help in increasing the sale of minerals.
The meeting was attended by Commissioner Secretary, Industries & Commerce, Shailendra Kumar, Special Secretary, Finance, Arun Kumar Sharma, Special Secretary, Industries & Commerce Department, Sajjad Ahmad Khan, Director General Budget, Finance Department, Ishaq Wani, Director, Geology & Mining, F. A. Khan and Managing Director, J&K Minerals Limited, A. S. Hussain.
Follow this link to join our WhatsApp group: Join Now
Be Part of Quality Journalism |
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast. |
| ACT NOW |
| MONTHLY | Rs 100 |  |
| YEARLY | Rs 1000 | |
| LIFETIME | Rs 10000 | |
