Archive · 7 Jan 2026
Midwest gets 30-year Andhra Pradesh quarry lease
Midwest Limited, a company, has been given permission by the Andhra Pradesh government to operate a quarry for 30 years.
This quarry is in Prakasam district and has a lot of coloured quartzite, which is a type of rock used for making polished stones.
The company can start working there from 2026, but they need to follow all the rules.
The stock price of Midwest Limited went up a little after this news.
The quarry is quite big, about 52 acres, and has enough quartzite to be sold in the market.
Midwest Limited received a 30-year quarry lease from the Andhra Pradesh government.
The lease allows for the extraction of coloured quartzite blocks in Prakasam district.
The quarry area covers 21.012 hectares (51.92 acres) with reserves of 609,620 cubic metres.
The lease is valid from January 6, 2026, to January 5, 2056, subject to approvals.
Midwest's stock price increased by 1.24% following the announcement.
- Who
- Midwest Limited
- What
- Received a 30-year quarry lease for coloured quartzite extraction
- When
- Lease valid from January 6, 2026, to January 5, 2056
- Where
- Hanumanthunipadu village, Prakasam district, Andhra Pradesh
- Why
- To undertake quarrying operations for coloured quartzite blocks
- Company
- Midwest Limited
- Location
- Hanumanthunipadu village, Prakasam district, Andhra Pradesh
- Quarry Area
- 21.012 hectares (51.92 acres)
- Lease Duration
- 30 years (January 6, 2026 - January 5, 2056)
- Reserves
- 609,620 cubic metres of coloured quartzite blocks
- Stock Price Change
- ₹1,795.20 (up ₹22 or 1.24%)