The Ramco Cements Limited has informed the Exchange about General Updates
RAMCOCEM · price
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The Ramco Cements has received approval from the Industries & Commerce Department, Government of Andhra Pradesh, to include Quartzite Mineral in its existing limestone mining lease. The lease is located in Kalavataka and Kotapadu Villages, Kolimigundla Mandal, Nandyal District, Andhra Pradesh. The extracted quartzite will be used for manufacturing sand and pozzolanic additives in the cement industry, or for any other industrial use in the future. The approval was granted on 3 January 2026 and is valid until 10 March 2053, subject to compliance with the MM (D&R) Amendment Act, 2015. The quantum of mineable quartzite reserves has not yet been determined by the company.
This approval expands the company's mineral extraction capabilities at its existing mining site, potentially improving vertical integration and reducing raw material costs. However, the actual financial impact is unclear since mineable reserves are yet to be assessed, making it a moderately positive but non-material development for shareholders at this stage.