Announced Fri, 3 Apr · 17:42 IST
Declared Preferred Bidder for Chhipta Limestone Block in Madhya Pradesh
Business Updates View source PDF
JKLAKSHMI · price
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Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹593.00
prior close
₹600.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.8-2.6-3.8-3.1+1.5+5.4+3.6+5.7+4.7+11.1+12.6+12.1-0.5-2.2
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AI summary
JK Lakshmi Cement has been declared the Preferred Bidder in a Government of Madhya Pradesh e-auction for the mining lease of the Chhipta Limestone Block. The disclosure was made under SEBI LODR Regulation 30. Securing this limestone mining lease supports the company's raw material needs for cement production and strengthens its long-term supply chain. No financial details of the bid were disclosed.
Likely market impact
Securing a limestone mining lease boosts raw material security, supporting long-term production and potentially lowering input costs.