Midwest Limited has received a quarry lease work order from the Department of Mines & Geology, Government of Andhra Pradesh, marking a fresh operational development for the company.
The work order permits Midwest to undertake quarrying operations for the extraction of coloured quartzite blocks, which are used for cutting and polishing purposes. The approved quarry area covers an extent of 21.012 hectares, equivalent to 51.92 acres, located at Hanumanthunipadu village and mandal in Prakasam district of Andhra Pradesh.
The quarry lease has been granted for a period of 30 years, commencing from January 6, 2026, and valid until January 5, 2056. The operations will be subject to receipt of all requisite statutory approvals and compliance with applicable conditions laid down by the authorities.
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According to the details shared by the company, the quarry is estimated to have an available marketable reserve of 609,620 cubic metres of coloured quartzite blocks. The work order has been awarded by a domestic government entity and does not involve any related party transactions.
Shares of Midwest Limited closed higher on the NSE at ₹1,795.20 on January 7, up ₹22 or 1.24%.
