Madhya Pradesh attracts ₹20,000 crore in investment proposals during Mining Conclave

Madhya Pradesh has secured investment proposals worth nearly ₹20,000 crore during a two-day mining conclave, state officials confirmed on Friday. The event drew interest from multiple industries, marking a significant step toward expanding the state’s mining capabilities.

Chief Minister Mohan Yadav emphasized the government’s commitment to supporting mining entrepreneurs and announced that, in addition to diamonds, the state would soon begin gold mining. He highlighted that the stones used in the sanctum-sanctorum of the Ram Temple in Ayodhya were sourced from MP’s Mandla district, underscoring the state’s rich mineral resources.

During the conclave, investment proposals totaling ₹19,250 crore from 11 companies were presented. Among these, Invenire Petrodyne Ltd proposed a ₹5,000 crore project for coal bed methane exploration and coal gasification in Betul and Chhindwara districts. JK Cement announced a ₹2,500 crore expansion plan for its cement plant in Panna district, alongside an additional ₹1,000 crore investment in coal blocks in Singrauli and Shahdol districts.

Other key proposals include Ambuja Cement’s ₹3,000 crore plan to establish a new cement plant in Rewa district, and Dalmia Cement’s ₹3,000 crore investment for a plant in Satna district. A Joint Venture Agreement was also signed between MOIL and the Madhya Pradesh State Mineral Corporation Limited for the development of a mineral block.

Chief Minister Yadav described the conclave as a success, projecting a five-fold increase in the state’s mineral revenue in the coming years. He expressed pride in the use of Mandla’s stones in the Ram Temple and highlighted the state’s unique mineral wealth, including its diamond reserves in Panna district.

Principal Secretary Sanjay Shukla noted that the conclave addressed themes such as mineral exploration, processing, innovative technology, and environmental protection, including discussions on artificial intelligence and machine learning in mining.

The conclave, the first of its kind in the state, is expected to be a milestone in boosting Madhya Pradesh’s standing in the national mining sector.