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Below the Quote on MMDR Amendment Bill by Sumit Jhunjhunwala, Vice President, Sector Head, Corporate Sector Ratings, ICRA Ltd

"The MMDR amendment bill, 2026, which aims at creating a uniform framework across mining sector, is expected to be credit positive for the Indian mining sector, as it seeks to enhance clarity and predictability around uneven State-level taxes, cess and other levies on mineral rights and mineral bearing lands, including retrospective tax claims and potential contingent liabilities for mining companies. Improved visibility of the overall fiscal burden on mining sector could also support investment decisions and project viability, particularly for capital-intensive mining projects with long gestation periods. Greater clarity on the credit impact is expected to emerge as the final contours of the framework become clearer." 

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