Issuance of LOI by Govt. of Andhra Pradesh for Mining Lease of Dommarnandyala Block-3 Limestone Block

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JKCEMENT · price

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Price reactionminutes from the announcement price · days from the prior close

+3.3%Reaction day

₹5354.50

prior close

₹5370.50

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.1%+3.2% vs market

Cement & Cement Products peers, median of 35sector+1.1%+2.1% vs sector

On the reaction day the stock moved 3.2 pts more than Nifty Midcap 150 and 2.1 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+3.3+0.1+3.2+1.1+2.1

Next day

+3.6+0.2+3.4+1.0+2.5

+1.7+1.1+0.6+2.2-0.5

-0.6+1.5-2.1+1.9-2.5

-1.1+1.9-3.0+1.4-2.5

-3.5+0.5-4.0+1.5-4.9

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15d

-9.3-0.9-8.4-1.6-7.8

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+5.6+3.2+2.5+1.7+4.0

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UpDownMarket · Nifty Midcap 150Sector · Cement & Cement Products peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JK Cement Ltd has received a Letter of Intent (LOI) from the Government of Andhra Pradesh for a limestone mining lease covering 1188 hectares in YSR Kadapa District. This follows the company's earlier declaration as 'Preferred Bidder' in March 2026. The LOI grants the company the right to mine limestone at the Dommarnandyala Block-3 site. This strategic acquisition secures a captive raw material source for cement manufacturing operations, reducing dependency on external limestone suppliers.

Likely market impact

Positive for shareholders as securing a captive limestone mine strengthens the company's raw material supply chain and can improve long-term production costs. However, this is only an intent letter and not yet a fully operational mining lease.