JK Cement Limited has informed the Exchange regarding 'Issuance of LOI for 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

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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

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15d

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

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AI summary

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.

Likely market impact

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.