Setback for Penna Cements
posted on Nov 7, 2013 8:39AM
Government cancels two mining leases of Penna Cements Company given in 265 acres and 45 acres in Tallacheruvu Village in Ananthapuram district and takes back both mining lands from the Company. Savyasachi Gosh, Secretary of Industries Ministry has issued notices in this regard on Wednesday. Though, the Company has more than 11.06 square km. of limestone mining lands in its possession as against maximum limit is 10 sq.km for any company, these two pieces of lands were allotted on lease to the Company by late Rajashekar Reddy government. Therefore, the state government has taken back the lands from Penna and cancelled its mining lease permissions in these lands.