Ramco Cements secures land for limestone reserve expansion

13 Jul 2023 CW Team

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

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..