Prism Johnson Limited has informed the Exchange about Preferred Bidder for grant of the Mining Lease for the Hinauti-2 Limestone Block, by the Directorate of Geology and Mining, Mineral Resource Department, Government of Madhya Pradesh
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Awaiting price reaction for this filing.
Prism Johnson has been declared the Preferred Bidder for a mining lease of the Hinauti-2 Limestone Block in Satna, Madhya Pradesh. The block covers 17.534 hectares and has an estimated reserve of 4.419 million tonnes of cement-graded limestone. The lease was granted by the Directorate of Geology and Mining, Government of Madhya Pradesh on September 22, 2025. This move secures long-term access to a key raw material used in cement manufacturing, which is one of Prism Johnson's core businesses.
Positive for the company as it strengthens backward integration, reduces dependence on third-party limestone suppliers, and supports cost stability for the cement division. Likely a mildly positive signal for the stock, though the financial impact will depend on lease terms and production timeline.