Midwest gets DGMS order halting granite mining at Chimakurthy
MIDWESTLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250 and 3.3 pts less than its Granites & Marbles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Midwest Limited received a Prohibitory Order from the Directorate General of Mines Safety on October 6, 2026. The order halts mineral (granite) extraction and employment at its Midwest Granite Mine at Chimakurthy, Prakasam District, Andhra Pradesh. The action follows a collapse of the northern side of the mine originating from an adjoining mine, which affected bench stability. No injuries or loss of life reported. No fine or penalty imposed. Mining operations remain suspended until the danger is removed.
Operations at one granite mine are on hold until safety concerns are resolved. No financial penalty, but production and revenue from this unit could be affected.