Ramco Cements no longer to pay tax on mineral-bearing land

Ramco Cements had paid ₹171.78 crore under the levy to the Tamil Nadu government during 2025-26 and another ₹79.07 crore during the current financial year, up to August 24

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B.R.S.SREENAG

Cements major The Ramco Cements Ltd said it would no longer have to pay ₹160 per tonne of limestone as Mineral Bearing Land Tax in Tamil Nadu, following the enactment of amendments to the Mines and Minerals (Development and Regulation) Act, 2026 by the Centre.In a regulatory filing on Monday, the cement maker said the amended law restricts State governments from imposing certain taxes, cess, and other levies on mineral rights and mineral-bearing lands, except subject to conditions prescribed by the Centre.Ramco Cements said it had paid ₹171.78 crore under the levy to the Tamil Nadu government during 2025-26 and another ₹79.07 crore during the current financial year, up to August 24.With the amended provisions coming into effect, the company said it is not required to pay the levy from August 22.The cessation of the tax is expected to reduce Ramco Cements’ operating costs and have a favourable impact on its profitability and cash flows, the company said in the filing.Published on August 24, 2026