UltraTech Cement - March 2016

The Indian government has agreed to amend the mines and minerals law (MMDR Act) regarding the transfer of captive mines after it impeded at least two cement industry deals in the last 12 months. The Act, passed in January 2015, does not allow the transfer of allotted rights by one company or subsidiary to another. All the limestone mines held by cement companies until the January amendment had been allotted by the government.

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