Diamond Block in Panna Auctioned

IAS Prelims 2023

India’s first diamond mineral block in Madhya Pradesh’s Panna district have been auctioned.

It has a precious stone deposit worth nearly Rs 106 crore.

Bansal Construction Works emerged as the preferred bidder by submitting the highest final price offer after two rounds of competitive bidding.

The block located is presently under G3 category and is spread over an area of 133.50 Ha. It has 0.604 MT of inferred resources with diamond incidence of 10.20 carat/100 tonnes.