8 quarries fetch Rs 101 cr against reserve price of Rs 4.02 cr

High bidding may lead to higher sand, gravel rates. The first e-auction of sand mines, having environmental clearance in north India, today generated a lot of interest among mining contractors from across the region. The auction was held for eight quarries — three each in Jalandhar and Kapurthala and one each in Mohali and Ludhiana — spanning over 337 acres of land. Against the Punjab Government's reserve price of Rs 4.02 crore, the quarries fetched a record Rs 101.09 crore.