Midwest Limited Secures 30-Year Quarry Lease Work Order in Andhra Pradesh
Midwest Limited received a 30-year Quarry Lease Work Order from the Government of Andhra Pradesh for Coloured Quartzite Blocks. The lease covers 21.012 Hectares and is valid from January 6, 2026, to January 5, 2056. Estimated 609,620 cubic meters of blocks are available.
The order is for a long duration and involves quarrying operations, which could have a material impact on the company's future revenue and operations.
The company has secured a significant long-term work order which is expected to contribute to its business.
Midwest Limited has announced the receipt of a significant Quarry Lease Work Order from the Department of Mines & Geology, Government of Andhra Pradesh.
This work order permits the company to undertake quarrying operations for the extraction of Coloured Quartzite Blocks, suitable for cutting and polishing. The lease covers an area of 21.012 Hectares (51.92 Acres) located at Survey No. 299, Hanumanthunipadu Village & Mandal, Prakasam District, Andhra Pradesh.
The lease is granted for a substantial period of 30 years, commencing from January 6, 2026, and extending until January 5, 2056. This is subject to obtaining requisite statutory approvals and adhering to all applicable conditions. The estimated available marketable coloured quartzite block in the quarry is 609,620 cubic meters. The company has confirmed that its promoters or group companies have no interest in the awarding entity and that this transaction does not fall under related party transactions.
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Midwest Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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