Ramco Cements secures land for limestone reserve expansion
Cement

Ramco Cements secures land for limestone reserve expansion

Ramco Cements (RCL) has announced its intention to acquire limestone-bearing lands owned by Prism Johnson (PJL) in order to increase its limestone reserves for cement manufacturing operations. According to the agreement terms, Prism will transfer its land parcels and mining lease to RCL.

It was revealed that the land parcel is situated in Kotapadu and Kalavatla, Kolimigundla Mandal in the Nandyal district of Andhra Pradesh. RCL's Board of Directors has approved the terms and conditions for entering into a definitive agreement with Prism to procure the land parcels, which amount to a total of 1,420.72 acre.

Furthermore, the Board has also given its approval for the transfer of the mining lease granted by the Government of Andhra Pradesh, previously held by Prism, to RCL. The mining lease covers an area of 663.46 hectare.

The completion of this transaction is anticipated to take place by 31 July, 2023.

Also read:
NTPC Green Energy invites bids for Offshore Wind Power Projects in
GUVNL invites bids for 500 MW Wind Power Projects with Greenshoe Option


Ramco Cements (RCL) has announced its intention to acquire limestone-bearing lands owned by Prism Johnson (PJL) in order to increase its limestone reserves for cement manufacturing operations. According to the agreement terms, Prism will transfer its land parcels and mining lease to RCL. It was revealed that the land parcel is situated in Kotapadu and Kalavatla, Kolimigundla Mandal in the Nandyal district of Andhra Pradesh. RCL's Board of Directors has approved the terms and conditions for entering into a definitive agreement with Prism to procure the land parcels, which amount to a total of 1,420.72 acre. Furthermore, the Board has also given its approval for the transfer of the mining lease granted by the Government of Andhra Pradesh, previously held by Prism, to RCL. The mining lease covers an area of 663.46 hectare. The completion of this transaction is anticipated to take place by 31 July, 2023. Also read: NTPC Green Energy invites bids for Offshore Wind Power Projects in GUVNL invites bids for 500 MW Wind Power Projects with Greenshoe Option

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?