Mangalam Cement Limited has informed the Exchange about General Updates
MANGLMCEM · price
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Mangalam Cement Limited has been declared as the preferred bidder for a mining lease of Minyun Ki Dhani Main Jaisalmer. The company participated in a forward e-auction on MSTC's e-auction portal on April 21, 2026, which was issued by the Directorate of Mines and Geology, Government of Rajasthan. This auction was for the grant of a mining lease in Rajasthan. Being declared as the preferred bidder means the company has cleared a key hurdle in securing access to limestone reserves, which is a critical raw material for cement manufacturing.
This is a positive development as securing a mining lease can ensure long-term limestone supply for cement production and potentially reduce raw material costs. However, the final grant of lease may still be subject to further approvals.