The drop in iron ore prices in domestic as well as international markets has resulted in a sharp fall in revenue collection from the mining sector, a major contributor to Odisha’s exchequer.
Total collection of revenue from the sector during 2022-23 financial year is estimated at Rs 37,174 crore (provisional figure) compared to Rs 49,858 crore collected in the previous 2021-22 financial year, according to official figures available with Odisha’s steel and mines department.
