Key Quantitative Details
The company has accepted three separate Letters of Intent from The Andhra Pradesh Mineral Development Corporation Ltd. (APMDC) for working of granite quarry leases on Raising-Cum-Sale Contract basis:
- Schedule No. 26: Survey No. 162, extent of 4.976 Ha in Thumminda (V), Chittoor (M), Chittoor District, Andhra Pradesh
- Schedule No. 253: Survey No. L, extent of 4.948 Ha in Sontinuru (V), Nandigam (M), Tekkali Srikakulam District, Andhra Pradesh
- Schedule No. 270: Survey No. 73, extent of 5.489 Ha in Meelasathiwada (V), Tekkali (M), Srikakulam District, Andhra Pradesh
Total area covered across all three quarries: 15.413 Hectares
Parties Involved
- Awarding Entity: The Andhra Pradesh Mineral Development Corporation Ltd. (APMDC)
- Recipient: Midwest Limited
- Disclosure signed by: K. Achyutanand Reddy, Company Secretary & Compliance Officer (Membership No: A44619)
Contract Terms
- Nature: Raising-Cum-Sale Contract basis
- Type: Domestic entity award
- Execution timeline: Commencement Date shall be the Date of issuance of the Letter of Award (LoA) following completion of the Tender Process
- Commercial consideration: The LOI does not specify any consideration at this stage
Additional Details
- No promoter/promoter group/group companies have any interest in APMDC
- The order/contract does not fall within related party transactions
- Information made available on company website: www.midwest.in