In an exchange filing, the cement manufacturer said it had participated in an e-auction conducted by the Rajasthan government and emerged as the preferred bidder for the mining lease of the Gilund Limestone Block in Chittorgarh district.
The limestone block spans an area of 370.96 hectares, and JK Cement said it received the communication from the state government on June 23.
The company did not disclose the estimated reserves, investment commitment or timeline for operationalising the mine.
The development comes as JK Cement targets volume growth ahead of the industry. Last month, Anuj Khandelwal, Business Head at JK Cement, said the company expects to deliver double-digit growth in grey cement volumes
in FY27, compared with the industry’s projected growth of 6-8%.
Khandelwal said the company has sufficient capacity headroom to continue gaining market share after outpacing industry growth in the previous financial year.
For the March quarter, JK Cement reported a consolidated net profit of ₹333 crore, down 7.6% from ₹360.4 crore a year earlier. Revenue rose 8.6% year-on-year to ₹3,887.5 crore, supported by higher grey cement volumes and improved realisations.
EBITDA declined 10.8% to ₹682.7 crore, while EBITDA margin contracted to 17.6% from 21.4% in the year-ago quarter due to cost pressures.
Shares of the company rose from the day’s lows following the announcement. The stock was trading at ₹5,563 as of 12.18 pm, 0.82% above the previous session’s closing.
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