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Jayaprakash Power Ventures bags bid for mining of sand

Monday, 22 Mar 2021
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Jayaprakash Power Ventures (JPVL), a part of the Jaypee Group, has bagged the bid for mining of sand in Andhra Pradesh, offering an annual revenue of Rs 765 crore to the state government.

MSTC, a mini-ratna under the Union Ministry of Steel, selected the successful bidder on behalf of the state government. JPVL will undertake sand mining, storage and sale for a period of two years under the upgraded Sand Policy 2019.

The government divided the state into three zones for sand excavation in different reaches and JPVL offered the highest price for each of the three packages.

The price of sand will be uniform at each reach across the state, with an upper ceiling regionally based on distance.

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