JK Cement Limited has informed the Exchange regarding 'Issuance of LOI for Dommarnandyala Block-3 Limestone Block'.
JKCEMENT · price
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The Government of Andhra Pradesh's Department of Mines and Geology has issued a Letter of Intent (LOI) to JK Cement for grant of a mining lease covering 1,188 hectares in YSR Kadapa District. This follows the company's earlier declaration as the 'Preferred Bidder' for this limestone block on March 19, 2026. The LOI was received by the company on May 20, 2026. Securing a dedicated limestone block strengthens JK Cement's raw material supply chain for its cement operations, reducing dependency on external limestone procurement over the long term.
This is a positive long-term development for JK Cement as it secures a captive limestone source, potentially lowering input costs and ensuring supply continuity, though the actual mining output and financial impact will depend on lease formalisation and operational timelines.