The Ramco Cements Limited - 500260 - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Outcome Of Board Meeting
TRCL is continuously on its endeavour to accumulate limestone reserves for its cement manufacturing operations. In this connection, it has identified limestone bearing lands in Nandyal District, A.P., owned by Prism Johnson Limited (''Prism'') for acquisition. The Board of Directors at its meeting held today has approved the terms and conditions of the definitive agreements to be entered into with Prism for acquisition of land parcels aggregating 1420.72 acres (''Land Parcels'') located in the villages of Kotapadu and Kalavatla, Kolimigundla Mandal, Nandyal District, A.P. The Board has also approved the transfer of mining lease granted by the Government of Andhra Pradesh by Prism to the Company, over an extent of 663.46 Hectares (''Mining Lease'') located in the said villages. Upon completion of conditions as per the definitive agreements to be signed with Prism, the Land Parcels and the mining lease would stand transferred to the company and expected to be completed by 31st July 2023.08-07-2023
