J.K. Cement Limited has announced that it was declared the ‘Preferred Bidder’ in an e-auction conducted by the Government of Madhya Pradesh. The bid secures the mining lease for the Itauri-Jharkua Limestone Block, spanning 350 hectares in the Panna district. This strategic acquisition, confirmed on March 18, 2026, is crucial for securing long-term raw material supply for the company’s manufacturing operations in Central India.
J.K. Cement Declared Preferred Bidder for Mining Lease
J.K. Cement Limited formally disclosed a significant development regarding its raw material security. The company participated in an e-auction managed by the Government of Madhya Pradesh and has been officially declared as the ‘Preferred Bidder’ for a key mining lease.
Strategic Limestone Block Acquisition
The awarded lease pertains to the mining rights for the Itauri-Jharkua Limestone Block. This block is strategically located in Panna, Madhya Pradesh, and covers an extensive area of 350 hectares. Securing this block is vital for ensuring a stable, long-term supply of high-quality limestone, a primary input for cement production.
Timeline of Confirmation
The company received official confirmation of being declared the ‘Preferred Bidder’ on March 18, 2026, at approximately 1:30 PM (IST). This development directly supports J.K. Cement’s ongoing expansion and operational continuity plans in the region.
Source: BSE
