Trimex Group signs MoUs
Hyderabad-based Trimex Group has signed two MoUs with Government of Andhra Pradesh to develop mining projects at Bhavanapadu and Kalingapatnam in the state. The MoU was signed by Trimex Group Managing Director Pradeep Koneru in the CII Partnership Summit.
The projects involve an estimated investment of Rs 2,500 crore and will generate 5,500 direct and indirect job opportunities, according to the company. Bhavanapadu beach sand heavy minerals project will be executed by Trimex Heavy Minerals Pvt Ltd (THMPL), while Kalingapatnam project will operate under the aegis of Trimex Ores Pvt Ltd (TOPL), it said.
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