Ramco Cements secures land for limestone reserve expansion
  1. Home
  2. Building Material
  3. Cement
  4. Ramco Cements secures land for limestone reserve expansion
Cement

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

Discover the Cement Expo! Click the button below to explore all the event details.

Visit Cement Expo Website

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

Previous
Ultratech Cement starts 1.3 mtpa plant in West Bengal

Next
Prism Johnson down 6% on 1,420-acre land transfer to Ramco Cements

Related Stories

Gold Stories

Opinion Poll

Question : What are you most interested in Construction Technology?

Latest updates

AVIATION & AIRPORTS
01 Dec 2023

Maharashtra Allocates Rs 2.21 Bn for Karad Airport Development

AVIATION & AIRPORTS
01 Dec 2023

Hubballi Airport's New Terminal Expansion with Rs 3.40 Bn Tender

RAILWAYS & METRO RAIL
01 Dec 2023

Chennai Metro Stations achieve IGBC Platinum Rating

RAILWAYS & METRO RAIL
01 Dec 2023

DPR for Navi Mumbai Metro Lines 2, 3, and 4 Underway

RAILWAYS & METRO RAIL
01 Dec 2023

Mahametro to Build MSRTC Depot at Shivajinagar Metro Station

RAILWAYS & METRO RAIL
01 Dec 2023

Railway Board Chairman Oversees Progress on Kolkata's East-West Metro

SMART CITIES
01 Dec 2023

Planet Smart City Aims for Over Rs 9 Bn in Sales with Pune Project

ROADS & HIGHWAYS
01 Dec 2023

Mumbai Coastal Road Promenade to Launch in December

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram