Comments
The BK Birla group company, Kesoram Industries has received Karnataka government’s approval for acquiring 675 acres of land for mining limestone reserves. The acquisition will help augment the company’s existing reserves of limestone, the comapny said in a notification to the National Stock Exchange on Friday. “The rationale behind the acquisition is to increase limestone reserves for captive mining for cement production,” the company said in the notification. The actual quantum of investments was still under negotiation with the Karnataka government and will be paid over a period of two years. The acquisition will be funded both through internal accruals and debt.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.