The government has recently announced an increase in royalty rates for offshore minerals, affecting key materials used in construction and manufacturing.

This adjustment reflects the government's ongoing efforts to regulate and improve the mining sector, ensuring fair compensation for mineral resources.

The royalty for dolomite, which is essential in steelmaking and construction, will be raised from Rs 40 to Rs 50 per tonne. Furthermore, there will also be a revised royalty rate for limestone and lime mud, which are crucial in cement production.