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Ambuja Cements declared as preferred bidder for Devalmari Katepalli Limestone Block in Gadchiroli

12 May 2023 Evaluate

Ambuja Cements has been declared as the ‘Preferred bidder’ for the Devalmari Katepalli Limestone Block in an e-auction conducted by the Government of Maharashtra. The block is situated in Gadchiroli District, Maharashtra over an area of around 538 Hectare with estimated limestone resource of around 150 million tonnes having CaO content of more than 42%. 

The company shall get the statutory licenses and permits related to mining operations to be declared a ‘successful bidder’ and subsequently enter into a ‘Mine Development and Production Agreement (MDPA)’ with Government of Maharashtra to commence the mining operation.'

Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets.

Peers
Company Name CMP
Ultratech Cement 11100.00
Ambuja Cements 384.75
ACC 1236.65
Shree Cement 22342.90
Dalmia Bharat 1698.10
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