ACC Ltd wins Kannur Limestone Block in Karnataka
COAL & MINING

ACC Ltd wins Kannur Limestone Block in Karnataka

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement