The government on Monday extended the mining lease of India Cements up to 2037.Lands in Pondugula village of Dachepalli mandal and Pulipadu village of Gurajala mandal of Guntur districts were given to India Cements in 2000 for limestone mining. According to the new order, the lease will expire on April 3, 2037.
India Cements, which has a cement plant at Vishnupuram village of Dameracherla mandal of Nalgonda district, with a production capacity of 11,00,000 tonnes clinker per annum, made a formal request to the state government to extend the lease of these lands for captive mining.
The issue had been pending before the state government for almost a decade before it was cleared on Monday.
The principal secretary said that the company has no mineral revenue dues to the government, which cleared the decks for renewal of the lease.