The district administration successfully completed the auction of eight Sand Ghats in Latehar, securing a total bid value of Rs. 8.68 crores. The contract was awarded to Research Comotrade Pvt Ltd, a Kolkata based company, which offered the highest bid of Rs. 8,68,50,000. The auction took place at the District Collectorate, where District Mining Officer Md. Nadeem Shafi confirmed that only two companies, Asbolus Pvt Ltd and Research Comotrade Pvt Ltd took part in the bidding process.
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Eight Ghats Leased for Sand Extraction Across Latehar
The auction covered Ghats located in Latehar, Tapakhas, Tubed, Durua, Bajkum, Rajhar, and Chandwa blocks (Maramar and Malhan areas). The reserve price for the auction had been fixed at Rs. 8,65,39,060, nearly matching the winning bid. Officials said that after completing the approval and contract formalities, the selected firm will be granted permission to begin Sand extraction as per environmental and mining regulations.
Also Read: Second Round of Sand Ghat Auction Failed in Palamu, Construction Work May Halt
Move Expected to Curb Illegal Mining
Authorities believe the completion of the auction will bring much needed order to Latehar’s Sand trade, which has long been marred by illegal mining and storage activities. The regulated Sand lifting under official supervision is expected to generate additional revenue for the Government and reduce environmental violations. However, officials also anticipate a possible rise in Sand prices, which could affect local consumers constructing homes or small scale projects. With formal operations set to begin soon, the administration hopes this auction will establish a model for transparent and sustainable Sand management in Jharkhand.
Also Read: Sand Prices Likely to Fall by 30% as 19 Ghats Auctioned in Ranchi
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