JK Cement gets letter of intent for Itauri-Jharkua block mining lease from Madhya Pradesh government

JK Cement Ltd. on Wednesday, May 20, said the Madhya Pradesh government has has issued a letter of intent to the firm for the mining lease of the Itauri Jharkua block.The state government’s mineral resource department had declared JK Cement the ‘preferred bidder’ for the mining lease of the Itauri-Jharkua Limestone Block on March 19, 2026. It has now received the letter of intent for the block situation in the Itauri and Jharkua villages of the Panna district.

On another note, the company last month said it has been declared the preferred bidder in an e-auction for the mining lease of the Maliyakheri Limestone Block-I located in Chittorgah, Rajasthan.
Earlier this year, JK Cement announced the commissioning of a 3 MnTPA cement griding unit at its JK Cement Works unit in Buxar, Bihar.The unit is part of the firm’s 6 MnTPA expansion programme approved in January 2024, which includes clinker and cement capacity additions across Patna, Prayagraj, Hamirpur as well as a greenfield grinding facility in Bihar.

JK Cement shares were trading 1.5% lower at ₹5,352 apiece at 12.25 pm on Wednesday. The stock has declined 6.5% in the past month.

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