Clarification provided for declaration as preferred bidder in the e-auction for Parewar (SN-III) Limestone Block District Jaisalmer.
JKCEMENT · price
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JK Cement has been shortlisted as the preferred bidder by the Government of Rajasthan for the mining lease of the Parewar (SN-III) Limestone Block in Jaisalmer district. The company clarified to the stock exchange that it had disclosed this development on July 25, 2025, within the required timeline. The declaration will be followed by a formal letter of intent from the Rajasthan government, after which the company will file a Form A disclosure. Limestone is a key raw material for cement manufacturing, and the block is strategically located near JK Cement's existing Rajasthan plants at Nimbahera, Mangrol, and Gotan. Securing this lease would strengthen the company's long-term raw material security and support future production capacity.
Positive for shareholders — securing a captive limestone source reduces raw material costs and supply risk, supporting margins and future expansion plans in the cement business.