JK Cement Limited has informed the Exchange about General Updates
JKCEMENT · price
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Awaiting price reaction for this filing.
JK Cement has been declared the Preferred Bidder by the Government of Rajasthan's Director of Mines & Geology for the Parewar (SN-III) Limestone Block in Jaisalmer district. The block covers 928 hectares and holds estimated geological reserves of 196.18 million tonnes of cement-grade limestone and 11.1 million tonnes of SMS (steel-making) grade limestone. The declaration was made on July 4, 2025, and disclosed to the exchanges on July 25, 2025. Securing this block gives the company a long-term captive source of its key raw material. The final mining lease is yet to be formally granted, but preferred bidder status is a strong step in that direction.
Positive for shareholders: secures a large captive limestone reserve that supports long-term production growth and reduces reliance on third-party limestone suppliers. Could lower input costs over time, though actual benefits depend on the lease being formally granted and the mine becoming operational.