Caution there. there are some 15 similar sized companies in the same vicinity of 30KM radius, famously the Raasi Cements which was forcefully took over by N Srinivasan of India Cements and Ex BCCI president in 90’s. The area is rich in lime stone on both either side banks of Krishna river which falls into both states, Deccan I suppose is on Telangana Side and India Cements also on Telangana Side, then there is penna, duncan, KCP etc etc … Mostly all political big pins own a medium size cement plant in AP & TG. I am not sure of the dynamics of market but usually most politicos are also big contractors here, so usually the cement plants are for kind of captive consumption … Some one should through a light on corhporjate governance and pollution issues beand union issues … Historically its a naxalite effected areas but nothing dangerous happening now but still I guess AITUC is having a strong union in these areas.
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