Rock Solid: Midwest Ltd Accepts LOI for Andhra Pradesh Quarry Leases

Backed by official state mining department disclosures, Midwest Ltd has finalized a major 30-year lease agreement to extract coloured quartzite blocks in South India.

Expanding its operational footprint across India's mineral-rich terrain, Midwest Ltd has formally advanced its natural stone extraction capabilities. According to official corporate communications and administrative filings released in January 2026, the company has officially accepted a Letter of Intent (LOI) issued by the Department of Mines & Geology, Government of Andhra Pradesh, for working extensive quarry leases.

The development agreement grants Midwest Ltd exclusive operational rights over a 21.012-hectare (51.92 acres) parcel situated in Hanumanthunipadu village and mandal within the Prakasam district. Spanning a landmark 30-year tenure, the project targets the systematic extraction of high-grade coloured quartzite blocks utilized globally for premium architectural cutting and polishing.

Unlocking Regional Mineral Reserves and Operational Scope

The strategic acquisition anchors Midwest Ltd's long-term production pipeline by securing access to verified raw material deposits. According to official geological assessments and company disclosures, key project parameters include:

• Lease Tenure: A 30-year operational window effective from January 6, 2026, extending through January 5, 2056.

• Quark-Site Metrics: Spread across 21.012 hectares in the Prakasam district of Andhra Pradesh.

• Marketable Reserves: Estimated available deposits of coloured quartzite blocks stand at an impressive 609,620 cubic meters.

• Statutory Compliance: Operations remain subject to the receipt of final statutory clearances and adherence to state environmental regulations.

Why It Matters

The practical implications of securing long-term mineral concessions directly impact industrial supply stability for the natural stone sector. For investors and market analysts, multi-decade leases provide predictable revenue visibility and asset backing. For regional development in Andhra Pradesh, structured quarrying operations stimulate local employment, infrastructure growth, and ancillary manufacturing investments within the Prakasam district.

Key Facts at a Glance

• Company Name: Midwest Ltd.

• State Government: Government of Andhra Pradesh (Department of Mines & Geology).

• Location: Hanumanthunipadu Village, Prakasam District.

• Resource Target: Coloured quartzite blocks for cutting and polishing.

• Reserves: Estimated at 609,620 cubic meters.

FAQ Section

What is the primary objective of the LOI accepted by Midwest Ltd?

The Letter of Intent permits Midwest Ltd to undertake commercial quarrying and extraction operations for coloured quartzite blocks in Andhra Pradesh.

How long is the newly secured quarry lease valid?

The lease is granted for a substantial period of 30 years, running from January 6, 2026, through January 5, 2056.

What is the estimated volume of mineral reserves at the site?

Geological surveys estimate available marketable coloured quartzite block reserves of 609,620 cubic meters within the designated lease area.

Where can investors track official updates regarding Midwest Ltd's mining projects?

Official corporate disclosures, financial reports, and regulatory updates are published regularly on the BSE India Portal and company investor relations channels.

Source: ScanX News, Business Standard, Chola Securities, Department of Mines & Geology Andhra Pradesh