SHREE CEMENT LIMITED has informed the Exchange regarding 'issuance of grant order for Limestone Mine spread over 912 hectare of land and having mineral resources of around 211 MT situated in Jaisalmer District in the state of Rajasthan'.
SHREECEM · price
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On the reaction day the stock moved 0.6 pts more than Nifty 100 and 1.1 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shree Cement has been granted a limestone mining lease spread over approximately 912 hectares of land in Jaisalmer District, Rajasthan. The mine has estimated mineral resources of around 211 Million Tons, which is a substantial reserve. The disclosure was made under SEBI's Listing Obligations Regulation 30 on 12th May 2025. This move secures a major long-term raw material source for the company's cement manufacturing operations. No financial details of the grant or associated development capex have been disclosed in this filing.
Positive for long-term shareholders as it strengthens raw material security and supports backward integration, potentially aiding cost control in cement production. However, the stock price impact may be limited in the short term until mine development timelines and cost details are disclosed.