SHREE CEMENT LIMITED has informed the Exchange regarding 'Shree Cement East Private Limited (Wholly Owned Subsidiary of the Company) has been declared as Preferred Bidder for Joga - IV Limestone Block situated at Jaisalmer District in the State of Rajasthan.'.
SHREECEM · price
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Shree Cement East Private Limited, a wholly-owned subsidiary of Shree Cement, has been declared the Preferred Bidder for the Joga-IV Limestone Block in Jaisalmer, Rajasthan, after winning an e-auction for the mining lease. The block holds an estimated 223.30 million tonnes of cement-grade limestone spread across roughly 368 hectares. The company now moves closer to securing the mining lease, which will give it a large captive limestone reserve. No financial value or production timeline has been disclosed in this announcement.
Positive for long-term shareholders — locking in a sizeable captive limestone reserve strengthens raw material security, reduces dependence on third-party suppliers, and supports future capacity expansion. Near-term stock impact may be limited since this is a strategic resource win without disclosed financials or production start dates.