Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended - Declaration as Preferred Bidder in the e-Auction for Sikilangso Limestone Block (Part A & Part B), Assam.
JSWCEMENT · price
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Awaiting price reaction for this filing.
JSW Cement has been declared the 'Preferred Bidder' in an e-auction conducted by the Government of Assam for the mining lease of the Sikilangso Limestone Block (Part A & Part B) in Umrangso, Dima Hasao District, Assam. Each block covers 200 hectares, giving the company access to a combined 400 hectares of limestone reserves. Limestone is a key raw material for cement manufacturing, and this acquisition could support the company's production capacity and raw material security in the Northeast region. The financial value of the bid, lease tenure, and other commercial terms have not been disclosed in the filing.
Positive for shareholders as securing a large limestone reserve strengthens JSW Cement's raw material base, potentially lowering input costs and supporting future capacity expansion in the Northeast. The stock may react favourably, though final lease award terms and any upfront royalty/commitment costs will be key follow-ups.