Midwest Ltd Secures Quarry Leases in Andhra Pradesh

Midwest Ltd has announced the acceptance of Letters of Intent (LOI) for working quarry leases in Andhra Pradesh on a Raising-Cum-Sale Contract basis. The leases are for specific schedule numbers and survey numbers across Chittoor and Srikakulam districts, awarded by The Andhra Pradesh Mineral Development Corporation Ltd. (APMDC). The LOI does not specify any financial consideration at this stage, and the contract is with a domestic entity. The company has confirmed no interest from promoters or group companies in APMDC and that the contract does not fall within related party transactions.