Two-day sand mines e-auction fetches 20 times more revenue in Punjab

sand mines e-auction

Chandigarh: The Two-day e-auction of sand mines in Punjab has managed to fetch 20 times more revenue this time with bids worth Rs 1,026 crore.

“The successful bid amount is more than 20 times last year’s bids of just Rs 40 crore, indicating the extent to which the sand mafia was controlling the business, causing huge losses to the state coffers,” said an official spokesperson.

The bids of Rs 1,026 crore was secured for 89 sand mines – the highest ever earnings for the state government from the sand mining business.

“This will pave the way for release of supply pressure and stabilisation of the price of sand in Punjab,” the spokesman said.

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