Ramco Cements Urges TN Govt to Reconsider Mineral Land Tax Proposal Stock down 2%, trading at Rs 803.55, down 16.85% in 2025.
Ramco Cements Urges TN Govt to Reconsider Mineral Bearing Land Tax Proposal
In a recent development, Ramco Cements has appealed to the Tamil Nadu government to reconsider its proposal to levy a mineral bearing land tax. This call comes as the company’s stock has faced a downturn, trading 2.14% lower at Rs 803.55. This price represents a significant decline of 16.85% for the calendar year 2025 thus far, raising concerns among investors and stakeholders.
Impact on Stock Performance
The decline in Ramco Cements’ stock price can be attributed to several factors, including the potential financial burden that the new tax could impose on the company. With the construction sector already facing challenges, this tax could further exacerbate the situation, leading to decreased profitability for Ramco Cements.
Understanding the Mineral Bearing Land Tax
The proposed mineral bearing land tax aims to generate revenue for the state government from companies that extract minerals. However, Ramco Cements argues that such a tax could deter investment in the region, ultimately impacting job creation and economic growth. The company’s management believes that a more balanced approach is necessary to ensure sustainability and growth in the sector.
Join the Conversation
As the situation unfolds, stakeholders are encouraged to engage in discussions about the implications of this tax. Your thoughts and opinions matter, and they can help shape the future of the industry. Don’t forget to check out Looffers.com for the latest offers and promotions that can help you save on your purchases.
Conclusion
In conclusion, the appeal by Ramco Cements to the Tamil Nadu government highlights the critical intersection of taxation and business sustainability. As the company navigates these challenges, investors and consumers alike are watching closely to see how this situation develops.
