VPRPL Finalises 5-Year River Sand Mining Lease in Rajasthan
Vishnu Prakash R Punglia Ltd secures a five-year river sand mining lease in Balotra, Rajasthan, strengthening diversification.
Jaipur (Rajasthan) [India], December 22: Vishnu Prakash R Punglia Limited (NSE: VPRPL | BSE: 543974 | ISIN: INE0AE001013), one of India’s leading Engineering, Procurement and Construction (EPC) companies, has finalised a River Sand Mining Lease for a period of five years in Village Kanana.
The lease, located in Balotra district, permits river sand mining with an annual production ceiling of 1,54,350 metric tonnes per annum (MTPA). The mine was secured through a competitive auction process, underscoring the company’s disciplined approach to expansion within regulated sectors.
Vishnu Prakash R Punglia Limited has obtained all necessary statutory approvals and clearances from the concerned authorities. In line with regulatory requirements, the company has deposited the requisite amounts and security with the Department of Mines & Geology, Rajasthan, through the Mining Engineer’s office at Barmer, for execution of the formal mining agreement.
Under the terms of the lease, VPRPL will undertake the mining and sale of river sand for five years, subject to the prescribed annual production limits and full compliance with applicable environmental and mining regulations. The operation will be carried out in accordance with statutory norms governing sustainable extraction and resource management.
Strategic Impact
The river sand mining lease aligns with VPRPL’s long-term diversification strategy and strengthens its growing footprint in the mining vertical. The move complements the company’s established EPC presence across Water & Municipal Services, Roads, Railways, Infrastructure, and Mining, while supporting balanced and sustainable growth across new business segments.
The management reiterated that the company remains focused on identifying opportunities that synergise with its EPC capabilities, enhance operational integration, and contribute to long-term value creation for stakeholders.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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