INSUBCONTINENT EXCLUSIVE:
ANI |
Updated: Feb 01, 2020 01:50 IST
Amaravati (Andhra Pradesh) [India], Feb 1 (ANI): The Andhra Pradesh government has terminated the lease of 649.684 hectares
limestone mines, given to Trishul Cement Company in Konuppalapadu village in Ananthapuramu district.The Trishul Cement Company is owned by
TDP leader and former MP JC Diwakar Reddy.The state government further revoked the extension of time period of five years (from August 2015
It has claimed that the decision was taken as no work commenced to set up the cement plant, since day one of the execution of lease in
2007.Further, the Department of Mines and Geology will continue to hold an inquiry on illegal mining and transportation of limestone to the
tune of 3,212 metric tonnes.The state government has released an order in this regard.Reddy's company was given the lease of limestone
It was ordered to complete the construction of the cement manufacturing unit within three years.The period was extended for five years, and
further extended for five more years
However, the plant was not constructed till date.Meanwhile, limestone was being excavated and sold out
Citing these reasons, the state government has terminated the lease and initiated the inquiry.After the YSRCP government came to power,
Reddy's private transport company Diwakar Travels was targeted and almost 50 buses were seized
Now, his cement company leases have been cancelled
