Granite & Marble Business Seeking Loan in Ongole, India
Established | 10-20 year(s) |
Employees | 5 - 10 |
Legal Entity | Limited Liability Partnership (LLP) |
Reported Sales | Nil |
Run Rate Sales | Nil |
EBITDA Margin | Nil |
Industries | Granite & Marble |
Locations | Ongole |
Local Time | 2:02 PM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Active |
- Seeking capital to set up granite mining operations.
- Promoters have already acquired the lease for a granite mine spread across 2.84 hectares.
- The value of the mine lease owned by the promoter is INR 5.6 crores.
- The mine has estimated deposits of 8,35,004 cubic meters.
- Granite found in the mine is absolute black granite which is export grade and also has a high demand in the local market.
- Have already secured approval for the mining plan which is valid for 5 years and allows us to mine 25,000 cubic meters.
- Also secured a mining permit which is valid for 20 years.
- Both approvals can be renewed at the end of their terms.
- Have already cleared most of the environmental clearance requirements and there are 2 stages pending for us to secure the clearance.
- This is expected to be completed within the next few weeks and we intend to start operations in one month's time.
- Have already spoken with vendors from whom we intend to lease the mining equipment and hire contract staff.
- The estimated operational costs for the mine is expected to be fixed costs of INR 20 lakh / month and variable costs of INR 14 - 20 lakh / month to mine 400 cubic meters / month.
- The average market price for granite is INR 25,000 to 38,000 / cubic meter based on its quality.
- The granite found in our mines is high grade and is expected to sell for INR 35,000 - 38,000 / cubic meter.
- We project costs of INR 10,000 to mine 1 cubic meter.
- Promoters run another metal mining company with an annual turnover of INR 1 cr.
Manufacturing (mining) of export quality absolute black granite stone block.
2.84 hectares of land with estimated granite deposits of 8,35,004 cubic meters.
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Earlier than 15 daysCEO, Interior Designing, Chennai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysAssistant General Manager, Building Construction, Hyderabad, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Building Construction, Bangalore, Individual Investor / Buyer connected with the Business