India: Ramco Cements has concluded an agreement to acquire limestone reserves in Andhra Pradesh’s Nandyal District from Prism Johnson. The Hindu newspaper has reported that Prism Johnson will transfer a mining lease for 663 hectares of land to Ramco Cements. The parties expect to conclude the transaction by the end of July 2023.
Prism Johnson had previously planned to build an integrated cement plant on the reserves, but said that this no longer suited its priorities.