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Business
Monolithisch India secures Rs 157 crore quartzite block in Bihar
✍️ The Economic Times
🗓 12 Sep 2026, 12:18 PM
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Monolithisch India has won a contract to acquire a quartzite stone block in Bihar valued at Rs 157 crore, according to The Economic Times.
Monolithisch India, a leading stone mining and processing firm, has been awarded the rights to a quartzite block located in the state of Bihar. The deal, reported by The Economic Times, is valued at approximately Rs 157 crore, reflecting the growing demand for high‑quality natural stone in infrastructure projects.
The quartzite deposit is situated in a region known for its durable mineral resources, and the acquisition is expected to bolster Monolithisch India's supply chain for both domestic and export markets. Industry analysts note that the sizable investment underscores confidence in Bihar's mining potential and the broader construction sector.
Regulatory approvals for the extraction are pending final clearances from the state mining department. Once operational, the project could generate significant employment opportunities in the local area and contribute to the state's revenue through royalties and taxes.
Monolithisch India has not disclosed detailed timelines for commencement of mining activities, but the company indicated that it will adhere to environmental and safety standards mandated by the government.
The transaction marks one of the largest single‑asset purchases in India's stone industry this year, highlighting the sector's resilience amid broader economic fluctuations.
The quartzite deposit is situated in a region known for its durable mineral resources, and the acquisition is expected to bolster Monolithisch India's supply chain for both domestic and export markets. Industry analysts note that the sizable investment underscores confidence in Bihar's mining potential and the broader construction sector.
Regulatory approvals for the extraction are pending final clearances from the state mining department. Once operational, the project could generate significant employment opportunities in the local area and contribute to the state's revenue through royalties and taxes.
Monolithisch India has not disclosed detailed timelines for commencement of mining activities, but the company indicated that it will adhere to environmental and safety standards mandated by the government.
The transaction marks one of the largest single‑asset purchases in India's stone industry this year, highlighting the sector's resilience amid broader economic fluctuations.