Ramco Cements to Stop Paying ₹160/Tonne Land Tax from Aug 22, Boosting Profitability
The Ramco Cements Limited will cease paying ₹160 per tonne Mineral Bearing Land Tax in Tamil Nadu from August 22, 2026, following the MMDR Amendment Act. The company paid ₹171.78 crore in FY26 and ₹79.07 crore in FY27 (YTD). This is expected to reduce operating costs and improve profitability.
The cessation of the Mineral Bearing Land Tax will lead to a direct reduction in operating costs and a positive impact on profitability, which is material for a cement company.
The cessation of a significant tax is a favorable development that is expected to reduce operating costs and improve profitability and cash flows.
The Ramco Cements Limited has announced the cessation of Mineral Bearing Land Tax in Tamil Nadu, effective August 22, 2026. This tax, amounting to ₹160 per tonne of limestone, was imposed by the State Government. The company has paid ₹171.78 crore for the period 2025-2026 and ₹79.07 crore for 2026-2027 (till date) towards this levy.
The Mines and Minerals (Development and Regulation) Amendment Act, 2026, has been enacted to regulate and restrict the imposition of such taxes by State Governments on mineral rights and mineral-bearing lands. This amendment restricts any levy on mineral rights or lands, except under conditions prescribed by the Central Government.
The cessation of this tax is anticipated to lead to a reduction in the company's operating costs, thereby positively impacting its profitability and cash flows.
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The Ramco Cements Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. 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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See the model portfoliosA plain-language summary of a public exchange filing by The Ramco Cements Limited. Read the original for the full detail.