JAMMU, MARCH 13: The JK Minerals Limited has generated a record
cash surplus of Rs 9.91 crore till February during this current financial year.
This was stated at the 170th Board
of Directors meeting of the JK Minerals Limited held at Udhyog Bhawan held today
under the chairmanship of Minister of Industries and Commerce, Chander Parkash
Ganga.
Minister for State (MoS) for Industries and
Commerce Asiea Naqash was also present on the occasion.
Vice-Chairman of the Board Syed Attullah Simnani,
Commissioner Secretary, Industries & Commerce, Shailendra Kumar, Director,
Geology & Mining, Farooq Ahmad Khan, Managing Director, J&K Minerals
Limited, Abid Suhail besides other board members were also present in the
meeting.
Managing Director JKML, while deliberating upon the
agenda points, apprised the Board members about the functioning and activities
of the Corporation, including financial and physical achievements.
The meeting also discussed the excavation of Gypsum
reserves from Dam Site at Parlanka through outsourcing arrangement under PPP
mode. The Board directed the management of the Corporation to immediately
invite EOI applications in this regard.
The Board was informed that the Corporation has
generated revenue to the tune of Rs 10.52 crore against sale of 20167 MTs of
coal during this financial year. It was also given out in the meeting that the
Corporation has also generated revenue of Rs 7.52 crore from sale of 90698.928
MTs of gypsum extracted from Gypsum mines of Assar, and Parlanka of Doda and
Ramban districts during this fiscal.
Addressing the Board members and the officers,
Ganga stressed upon the need for formulation of effective working plan for
extraction of minerals in the state to achieve full production capacity.
“The
Government would explore all possibilities to harness the mineral resources of
the state to boost the economy. There is a need to make mining operations
profitable through enhanced production and sale,”
the Minister said.
The Minister also directed the Corporation to gear
up their men and machinery to ensure timely excavation of 7 million tons of
Gypsum from the project site of Parlanka Mine area. While congratulating the
Corporation for its achievements, the Minister directed the officers to make
all out efforts to ensure that all these mining operations are made profitable
through enhanced production and marketing.
While speaking on the occasion, Asiea Naqash
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”, she said.
Asiea 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. She 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.
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