1 week ago
Ramco Cements Escapes Tamil Nadu Mineral Land Tax After Amendments
Ramco Cements is a company that makes cement using limestone.
It had been paying Tamil Nadu a tax on land containing minerals.
The tax was ₹160 for each tonne of limestone.
A new change to India’s mining law limits some taxes that state governments can charge on mineral land.
Ramco Cements said it does not have to pay this tax from August 22, 2026.
The company had already paid large amounts of money under the tax.
It expects the change to reduce its costs.
This could help the company keep more money and improve its profits.
Ramco Cements said it no longer needs to pay Tamil Nadu’s ₹160-per-tonne Mineral Bearing Land Tax on limestone.
The change follows amendments to the Mines and Minerals (Development and Regulation) Act, 2026.
The amended law restricts state taxes and levies on mineral rights and mineral-bearing land, subject to Centre-prescribed conditions.
Ramco Cements paid ₹171.78 crore during 2025-26 and ₹79.07 crore in the current financial year through August 24.
The company said the levy ended for it from August 22 and expects lower operating costs, improved profitability, and stronger cash flows.
- Who
- Ramco Cements Ltd and the Tamil Nadu government are involved.
- What
- Ramco Cements said it no longer has to pay the Mineral Bearing Land Tax on limestone.
- Where
- Tamil Nadu, India.
- When
- The levy stopped applying to the company from August 22, 2026; the announcement was published August 24, 2026.
- Why
- Amendments to the Mines and Minerals (Development and Regulation) Act, 2026 restrict certain state taxes and levies on mineral rights and mineral-bearing lands.
Key facts
- Tax affected
- Mineral Bearing Land Tax
- Tax rate
- ₹160 per tonne of limestone
- Effective date
- August 22, 2026
- Payment in 2025-26
- ₹171.78 crore
- Payment in current financial year
- ₹79.07 crore through August 24
- Expected impact
- Lower operating costs and a favourable effect on profitability and cash flows
Sources
Related news
India Bill Bars States From Taxing Mineral Rights and Land
Parliament passes Minerals Bill barring state taxes on mineral leases
Parliament Passes Mines and Minerals Amendment Bill Curbing State Levies
PMK warns mining amendment causes Rs 11,000 crore TN loss
MMDR Amendment Act 2026 Seeks Mining Investment Amid State Pushback
India's mining tax overhaul reignites Centre-state tussle over revenue
Praggnanandhaa's Grand Chess Tour Win Pushes Tracked Earnings Higher
BSE, LIC, HDFC Bank Among Stocks in Focus Today
Royal Jordanian Airlines picks Ramco Systems for its aviation software
India's Aviation MRO Growth: Key Stocks
