Andhra threatens to attach properties of cement factory promoted by TDP ex-MP
Telugu Desam Party leader and former Anantapur MP J C Diwakar Reddy’s family had promoted the Trishul Cement Company which has been accused of irregularities in limestone mining.(File Photo)
The Andhra Pradesh mining and geology department has written to the revenue authorities of Anantapur district seeking to invoke the Revenue Recovery Act to attach the properties of Trishul Cement Company, promoted by the family of senior Telugu Desam Party leader and former Anantapur MP J C Diwakar Reddy.
“We have served a notice on the company in May this year imposing a penalty of Rs 100.24 crore for alleged illegal mining of limestone, failing which the government shall invoke the Revenue Recovery Act to attach the properties of the company,” a senior official of the mining and geology department in Anantapur district told HT on condition of anonymity.
In February, the Jagan Mohan Reddy government cancelled the limestone mining lease of Trishul Cement Company located across 649 acres at Konauppalapadu village of Yadiki block in Anantapur, on the charges that company had violated the Minerals Concession Rules.
The mining lease was granted to the company in August 2007 for captive use for a period of 20 years subject to the condition that the company should establish the cement unit within three years. When the factory was not set up even after the deadline, the government had extended the deadline by two more years and later by five more years twice.