Profitable Hard Mineral Mining Business for Sale in Anantapur, India
Quartz mining business supplying to 100+ clients with potential for expansion through exports.
| Established | 20-30 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | USD 140 thousand |
| EBITDA Margin | 40 % |
| Industries | Hard Mineral Mining |
| Locations | Anantapur |
| Local Time | 8:49 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
1.17 million
(Native Currency: INR 100,000,000)
Reason: The owner is looking to exit this venture to focus on a different business.
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Business Overview
- The mine produces three grades of Quartz, namely:
A grade (INR 7,000/ton), M grade (INR 2,000/ton), B grade (INR 1,000/ton)
- 2,000 tons are produced every month.
- Has more than 100 clients, and our top client is Chittinad Silica Ltd, which is a semiconductor company.
- Other industries using the products are painting, granite, steel, and ceramic industries.
- The A grade Quartz can be exported internationally and has the potential to fetch up to INR 25,000/ ton.
- All the employees are hired on a contract basis depending on the requirement.
- Due to issues with the renewal of license, we did not generate revenue the previous year. The year before that, we made the sales of INR 1.2 crore.
- We currently have an active mining license from the Indian Bureau of Mines.
A grade (INR 7,000/ton), M grade (INR 2,000/ton), B grade (INR 1,000/ton)
- 2,000 tons are produced every month.
- Has more than 100 clients, and our top client is Chittinad Silica Ltd, which is a semiconductor company.
- Other industries using the products are painting, granite, steel, and ceramic industries.
- The A grade Quartz can be exported internationally and has the potential to fetch up to INR 25,000/ ton.
- All the employees are hired on a contract basis depending on the requirement.
- Due to issues with the renewal of license, we did not generate revenue the previous year. The year before that, we made the sales of INR 1.2 crore.
- We currently have an active mining license from the Indian Bureau of Mines.
Products & Services Overview
'A grade' quartz (INR 7,000/ton) is the top selling product. We supply to semiconductor industries that make computer chips, solar industries that make solar panels.We also deal in 'M grade' and 'B grade' quartz.
Assets Overview
The reserves at our leased site are worth INR 60 crore. The break up of reserves is as follows: A grade (7,50,000 tons), M grade (1,50,000 tons), B grade (3,00,000 tons). For these reserves to be capitalized it would require further investment and working capital for deeper mining.
Facilities Overview
4.8 hectare leased mining site in Mustikovila village, C K Pally Mandal. The mine has been leased out from the government and has 30 years remaining in the lease which will be transferred.
Capitalization Overview
The business is funded by the sole proprietor, we have loans (personal) up to INR 20 lakh. The business does not have any liabilities.
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