ACC halts limestone mining at Chaibasa plant in Jharkhand

Leading cement manufacture ACC Ltd today said it has suspended limestone mining operations at its Chaibasa facility in Jharkhand pending certain clearances from the state government.
"Limestone mining operations at company's Chaibasa Cement Works has been suspended on account of requirement of further clearances from the Government of Jharkhand," the company said in a filing to the BSE.
ACC said it is in discussion with the concerned authorities in this regard and expected that limestone mining operations would resume shortly.
It, however, did not elaborate on the nature of clearances required for the mining operations and said the closure of mining operations has not had any material impact because the company was getting supplies of clinker from other sources.

"Cement grinding continues with transfer of clinker from sister works/purchase of clinker. The impact of the closure of the mining operations at Chaibasa is not expected to be material," the filing said.
ACC shares today closed at Rs 1,481.70 on the BSE, up 0.53 per cent from previous close.