Issuance of LOI by Govt. Of Madhya Pradesh for mining Lease of Itauri - Jharkua 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 Madhya Pradesh for grant of a mining lease for limestone. The Itauri-Jharkua Limestone Block is located in villages Itauri and Jharkua, Tehsil Amanganj, District Panna, Madhya Pradesh, covering an area of 349.709 Hectares. This follows the company's earlier announcement in March 2026 where it was declared the 'Preferred Bidder' for this mining lease. The LOI was received by the company on May 19, 2026. This securing of a limestone mining lease ensures long-term raw material supply for JK Cement's cement manufacturing operations.
Positive for shareholders as securing limestone mining rights provides backward integration for raw material supply, potentially reducing production costs and ensuring supply chain stability for the cement manufacturer's operations.