ACC wins Kannur Limestone block in Karnataka

10 Feb 2022 , 12:13 PM

The company had participated in an e-auction of Kannur Limestone Block in the Wadi Area, District Kalburgi, Karnataka conducted by the Dept. of Mines & Geology (DMG), Government of Karnataka.

DMG, 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 companys existing Wadi cement plant.

ACC, a member of the Holcim Group, is one of Indias leading producers of cement and ready mix concrete.

The cement makerss consolidated net profit slumped 40.6% to Rs 280.85 crore on a 1.8% increase in net sales to Rs 4,137.42 crore in Q4 FY22 over Q4 FY21.

The scrip advanced 0.05% to currently trade at Rs 2311.25 on the BSE.

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