Currently, the extraction of tropical white granite is underway, serving as a pivotal resource for both the local and international monument and construction industries.
Our quarry is situated in 269/P, Basinikonda village, Madanapalle, Andhra Pradesh, covering an area of 1.7 hectares. The quarry holds an operational lease with an expiry period extending up to the year 2033.
This sought-after material plays a crucial role in meeting the demands of these sectors, contributing significantly to the global market.
According to the statement provided by the Recognized Qualified Person (RQP), the estimated reserves, which include those designated under the buffer zone and safety bench, amount to a quantity of 210,023 cubic meters (CBM).
The granite resource at our disposal is extensive, allowing for extraction operations to span over four decades. Furthermore, there exists the potential to renew the lease period upon its completion, ensuring a sustained opportunity for continued quarrying activities.
The closest railway terminal, CTM, is approximately 5.0 kilometers from the subject area. For maritime transportation, the nearest seaport is located in Chennai, at a distance of about 257 kilometers, while the Krishnapatnam seaport is approximately 300 kilometers away.
Additionally, Renigunta airport is situated at a distance of 180 kilometers from the subject area, providing air transportation options for logistical considerations.