JK Lakshmi Cement Limited has informed the Exchange about declaration as Preferred Bidder in the e-Auction for Juipahar New Umrangso Limestone Block (A and B), Assam
JKLAKSHMI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.5 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
JK Lakshmi Cement has been declared the Preferred Bidder in an e-auction conducted by the Government of Assam for the mining lease of the Juipahar New Umrangso Limestone Block (A and B) in Assam. The block covers an area of 405 hectares. Since limestone is the primary raw material for cement manufacturing, this lease will help the company secure long-term supply of a key input. The disclosure was made under Regulation 30 of the SEBI Listing Regulations, indicating it is a material development for the company.
Positive for shareholders — securing a captive limestone source strengthens raw material supply, supports future capacity expansion, and may reduce input cost volatility over the long term. This is a forward-looking advantage, though the mining lease still needs to be formally granted.