Chhattisgarh auctions India’s most expensive limestone block


Chhattisgarh successfully auctioned its third limestone block, Kesla-II to Dalmia Cement in a bidding that went on for a record 23 hours with the highest bid received 96.15% of IBM (Indian Bureau of Mines) prices which are 20 times more than the reserve price.

Kesla-II block is situated in the Tilda Tehsil of Raipur district of Chhattisgarh and covers over 357 hectares of area with an average grade of 43% CaO. In terms of percent of IBM prices, this deal has broken the national record held by Rajasthan at 67.94 percent of IBM prices for its limestone block of Nagaur District.

    Important Takeaways from above News for SBI PO Exam-
    • Chhattisgarh auctions India’s most expensive limestone block
    • The bid received 96.15% of IBM (Indian Bureau of Mines) prices
    • The previous national record was held by Rajasthan at 67.94 percent of IBM prices for its limestone block of Nagaur District
    • Shri Piyush Goyal is the Minister of State with Independent Charge for Power, Coal, New & Renewable Energy and Mines.

    If you have any other takeaways, do share with us in the comment section
    Source- The Financial Express
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