Issuance of LOI by Govt. of Andhra Pradesh for Mining Lease of Dommarnandyala Block-3 Limestone Block
JKCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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.