Furthermore, the Board has also given its approval for the transfer of the mining lease granted by the Government of Andhra Pradesh, previously held by Prism, to RCL.According to the agreement terms, Prism will transfer its land parcels and mining lease to RCL.The mining lease covers an area of 663.RCL's Board of Directors has approved the terms and conditions for entering into a definitive agreement with Prism to procure the land parcels, which amount to a total of 1,420.The completion of this transaction is anticipated to take place by 31 July, 2023.
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