GMDC, City Gold Pipes Ink 40-Year Limestone Supply Deal
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GUJARAT MINERAL DEVELOPMENT has signed a long-term supply agreement with City Gold Pipes Pvt. Ltd. for 150 million tons of limestone from GMDC's Lakhpat Punrajpur Mine in Kutch, Gujarat, according to a Tuesday filing to the Indian bourses. City Gold Pipes is a consortium consisting of Goldcrest Cement and Kailash Darshan Housing Development (Gujarat). The agreement spans 40 years and will support City Gold Pipes in setting up a cement plant, boosting regional industrial growth and employment.
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