ACC Ltd declared as the successful bidder for Kannur Limestone Block in Karnataka

10 Feb 2022 , 04:25 PM

ACC Ltd, one of the leading cement companies of the country, had participated in an e-auction of Kannur Limestone Block in the Wadi Area, District Kalburgi, Karnataka conducted by the Department of Mines & Geology (‘DMG’), Government of Karnataka.

Department of Mines & Geology, Government of Karnataka has declared ACC as the Successful Bidder for Kannur, Wadi Area, Limestone Block in the State of Karnataka.

Through this mining block, the Company has secured estimated limestone resources in excess of 250 million tonnes. This limestone block is in close proximity to the Company’s existing Wadi cement plant.

ACC Ltd stock ended at Rs2,304.50 down by Rs5.55 or 0.24% from its previous closing of Rs2,310.05 on the BSE. The scrip opened at Rs2,280 and has touched a high and low of Rs2,323 and Rs2,265.55 respectively.