Midwest

** Shares of exploration and natural stone mining company Midwest Ltd MIDW.NS down 1.5% at 1,050.70 rupees

** Stock snaps five consecutive sessions of gains

** Director of Mines Safety issued a prohibitory order the following collapse of the side of a mine located in Chimakurthy, Andhra Pradesh state

** Order prohibits extraction at the mine until obstacles are removed

** Co says the collapse impacted a few benches, affecting stability and resulting in operational and safety concerns

** YTD, shares down 38.93%

(Reporting by Saikeerthi in Bengaluru)

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Midwest received a prohibitory order from the Director of Mines Safety, Hyderabad Region No. 3, which banned granite extraction and the deployment of workers at its Midwest Granite Mine at Chimakurthy in Prakasam district until the danger was removed. The order followed the collapse of the northern side wall that originated in an adjoining mine and damaged a few benches inside Midwest's workings. No injury or loss of life occurred and the order imposed no fine or penalty. Black Galaxy and Absolute Black granite accounted for about 96% of revenue in FY23-FY25, with Black Galaxy alone contributing roughly 70-72%. The Chimakurthy deposit is the sole known source of Black Galaxy stone, and the company operated 20 mines including 16 granite mines alongside two processing plants. Consolidated revenue was Rs645.62 crore in FY26.

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Aug 31 (Reuters) - Midwest Ltd MIDW.NS:

• ACCEPTED LOI FOR WORKING OF QUARRY LEASES IN ANDHRA PRADESH

Source text: [ID:]

Further company coverage: MIDW.NS

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Aug 12 (Reuters) - Midwest Ltd MIDW.NS:

• JUNE-QUARTER CONSOL NET PROFIT 294 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.92 BILLION RUPEES

Further company coverage: MIDW.NS

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July 7 (Reuters) - Midwest Ltd MIDW.NS:

• MIDWEST - SIGNS MOU TO DEVELOP CRITICAL MINERALS AND RARE EARTH RESOURCES IN INDONESIA

Source text: ID:nBSE4fKLh0

Further company coverage: MIDW.NS

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CHICAGO, June 3 (Reuters) - Chicago Board of Trade soybean futures dropped for a fourth straight session on Wednesday as beneficial weather aided yield prospects for the newly planted crop.

• Mild weather and some showers in parts of the U.S. Midwest limited dryness concerns for the region's crops, according to Commodity Weather Group.

• Soybeans retreated despite renewed hostilities in the Middle East and a lack of clear progress in talks between Tehran and Washington. O/R

• Soybean futures often track crude oil prices, as the oilseed is commonly used as a feedstock for biofuels, but grains have reacted less sharply to crude prices since last month as seasonal supply considerations have come into focus.

• CBOT July soybeans SN26 settled 11-1/4 cents lower at $11.54 per bushel.

• CBOT July soymeal SMN26 ended $5.40 cents lower at $326.20 per short ton.

• CBOT July soyoil BON26 rose 0.30 cent to finish at 78.71 cents per pound.

(Reporting by Renee Hickman; Editing by David Gregorio)

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** Midwest MIDW.NS jumps as much 8.29% to 1,425 rupees; on track for biggest intraday pct gain since March 10

** Stock last up 5.6%

** Natural stone and mining co selected as lead partner for rare-earth elements pilot plant project by Kerala government

** Project involves processing monazite-rich tailings into rare-earth mixed compounds and downstream separation of rare-earth elements

** Co did not disclose project's financial value or expected investment details

** Trading vols at 139,295 shares, more than 3.5x the 30-day average

** YTD, MIDW down 23.5%

(Reporting by Surbhi Misra in Bengaluru)

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May 6 (Reuters) - Midwest Ltd MIDW.NS:

• MIDWEST LTD - SELECTED AS LEAD CONSORTIUM PARTNER FOR RARE EARTH ELEMENTS PILOT PROJECT

Source text: ID:nBSE8KgRdF

Further company coverage: MIDW.NS

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Jan 7 (Reuters) - Midwest Ltd MIDW.NS:

• BOARD APPROVES SUBSIDIARY INCORPORATION IN SIERRA LEONE

• EXPLORING OPPORTUNITIES TO EXPAND HMS RESERVES IN SUPPORT OF LONG- TERM GROWTH

Source text: ID:nBSE554PQw

Further company coverage: MIDW.NS

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** Mining co Midwest's MIDW.NS stock rises 4% to record 1,693 rupees

** Brokerage Motilal Oswal initiates coverage on stock with "buy" rating, sets PT at 2,000 rupees

** Says co remains dominant black galaxy granite player, commanding nearly 64% of India’s granite export share in FY25

** Adds, co well-positioned to benefit from rising black galaxy export demand, domestic demand for absolute black granite

** Over FY25-28E, sees co's adj PAT to rise 56% CAGR

** MIDW up 48% since listing on Oct 24

(Reporting by Komal Salecha)

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** India's mining company Midwest MIDW.NS rises as much as 11.7% to 1,190 rupees in debut trade

** Stock listed at 1,165 rupees vs issue price of 1,065 rupees

** The 4.51 billion rupee ($51.31 million) IPO was subscribed 87.89 times, with strong interest across investor categories

** Midwest, which has 20 mining leases and five processing units across India, gets 96% of its revenue from natural stone sales

** "Company has secured licenses to mine rare earth minerals, adding further potential to its growth prospects," Ventura Securities says

** Adds that the company also has plans for a quartz processing plant, which could make it a major player in the solar and semiconductor industries

** About 3.3 million shares traded so far on the day

($1 = 87.8950 Indian rupees)

(Reporting by Vivek Kumar M)

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