ACC Ltd wins Kannur Limestone Block in Karnataka

11 Feb 2022 CW Team

Leading cement maker ACC Ltd said that it was declared as the successful bidder for Karnataka’s Kannur Limestone Block.

With this mining block, the company is successful in securing an estimated limestone resource of over 250 million tonne. The bid amount has not been disclosed yet.This limestone block is close to the ACC’s existing Wadi cement plant, ACC Ltd said in a statement.

ACC is a subsidiary of the Swiss building material Holcim group.The company had participated in a virtual auction for the block, in the Kalburgi district of Karnataka.

ACC said that the Department of Mines & Geology, Karnataka Government had declared ACC to be the winning bidder for the limestone block in Kannur, Wadi Area in the state of Karnataka.

On Wednesday, ACC said that there is a 40.55% reduction in their consolidated net profit for the quarter ended on December 31, 2021, which is Rs 280.85 crore. The reason stated was adverse input inflation.

In the period from October 2021 to December 2021, the company’s operational revenue had increased by 1.95% which was Rs 4,225.76 crore.

Currently, ACC is operating 17 cement manufacturing sites and 80 concrete plants.

Image Source

Also read: ACC Limited launches Green Building Centre in Telangana

Real Estate

08 Sep 2025

Max Estates Secures 7.25 Acre Land in Gurugram for Luxury Housing

Max Estates (Max Estates), a leading NCR real estate developer, has acquired development rights for a 7.25 acre land parcel in Sector 59, Gurugram, along the prime Golf Course Extension Road. The project has a development potential of approximately 1.3 million sq ft with an expected outlay of Rs 5.34 billion, offering a Gross Development Value (GDV) of more than Rs 30 billion. The transaction involves the purchase of 100 per cent shareholding in Base Buildwell (BBPL), the SPV holding license and development rights for the parcel, subject to regulatory approvals. With this acquisition, Max..

10th Belt and Road Summit to Drive Collaboration in Hong Kong

The 10th edition of the Belt and Road Summit will be held on September 10-11 at the Hong Kong Convention and Exhibition Centre, marking a decade of progress under the Belt and Road Initiative (B&RI) and opening new avenues for collaboration among governments and businesses. Jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), the Summit is themed “Collaborate for Change • Shape a Shared Future”. It will feature over 90 high-level government officials and business leaders from across Belt a..

Mumbai Introduces 12-Metre Electric Buses in BEST-PMI Partnership

In a milestone for sustainable urban transport, PMI Electro Mobility’s Mumbadevi Mobility, in partnership with the Brihanmumbai Electric Supply and Transport (BEST), launched the first batch of fully electric buses in Mumbai. At an official ceremony held at the BEST Office, Colaba Depot, four 12-metre e-buses were flagged off by Ashish Sharma, IAS, General Manager, BEST. This marks the first phase of a 250-bus fleet aimed at strengthening public transport and cutting the city’s carbon footprint. The buses will operate from Oshiwara Depot, serving high-demand routes for greater c..