Closed Cement Plant & Mining Land For Sale

Nalgonda, Telangana, India

Cement & Construction

Asking Price
130 Crs

Category
Cement & Construction

Turnover
N.A

Sub Category
N.A

Legal Entity
Private Limited

Business Listed By
Business Owner

We have a mining lease for limestone over an extent of 334 acres in Telangana. The geological reserves assessed for the entire considering an average depth of 101 million tonnes. The geological reserves assessed based on the mines surrounding the factory are 36 million tonnes and the limestone reserve of 136 million tonnes. The life of mines considering the annual limestone requirement of 0.46 million tonnes for 1000 Tonnes per day will be 295 years. We went for expansion (600tpd)at that time the steel prices went up, which resulted in project cost increasing & under financing, after that, there were huge power cuts (daily 12 hours ) in Andhra Pradesh for which we were unable to do production & after that Telangana bifurcation came all the above reasons combined resulted in no production, with no production we were unable to pay the new took a loan ( expansion ) thus it became a nonperforming asset. Now there are no power shortages or any issues. We require funds to repay bank & other statutory dues & restart operations & complete our expansion.

Year of Establishment

1984

No. of Employees

0

Current Status of Business

Closed

Business Relocatable

No

Property Type

Owned

Property Value

130 Crs

Property Classification

N.A

Describe Property

334 acres

Competition / Market

Very Competitive

Products & Services

Cement Plant and Mining Land

Growth Potential

450 Tpd cement production (Additional 550 tpd +13 mw power plant 80 % work completed)

Financial Details

EBITDA N.A

PAT N.A

Debt N.A

Reason For Sale

Wants to pay Bank Loans

Business Documents

Teaser/Information Memorandum

Valuation Report

Financials

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