24 January 2018 GOVERNMENT OF ANDHRA PRADESH LAND GRANT TO NSL...

24 January 2018

GOVERNMENT OF ANDHRA PRADESH LAND GRANT TO NSL _____________________________________________________________________________
HIGHLIGHTS

➢ Government of Andhra Pradesh Cabinet and associated Industries and Commerce Department has approved and instructed the Kurnool District Collector to immediately allocate 20 acres of land adjacent to the existing NSL stockyard.

➢ The additional 20 acres is to be utilised for the purposes of the upcoming Phase 3 wet plant expansion and laying of a bypass road.
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NSL Consolidated Limited (Company, ASX: NSL), wishes to update the market regarding the allocation of further Government land in favour of the Company.

Government of Andhra Pradesh (GoAP) Cabinet and associated Industries and Commerce Department has approved and instructed the Kurnool District Collector to immediately allocate 20 acres of GoAP land adjacent to the existing NSL stockyard to the Company. The land is existing Govt land.

The additional 20 acres is to be utilised for the purposes of the upcoming Phase 3 wet plant expansion and laying of a bypass road.

The allocation of land to support the expansion by the GoAP is a further strengthening of support by the AP Government to the Company, and highlights the bona fides of the Company in India.