On 27 June, 2023, the Cabinet gave its nod for the proposal to engage with SBI Capital Markets (SBI CAPS) as a 'transaction advisor' and Metal Scrap Trading Company (MSTC) to provide a platform to auction the mineralised areas in Bihar.
Following this, the state government will sign an agreement with these entities for the newly discovered nine mineral reserves in the state.
The government will soon begin an auction for these blocks in Jamui, Rohtas, Gaya, Aurangabad, Munger and Jehanabad districts of Bihar.
In addition, the Cabinet agreed to a budget of Rs 2.2 crore for engaging both organisations.