J K Cement Receives Limestone Mining LOI; Shares Slip Over 1% 

Mumbai, May 20: J K Cement said it has received a Letter of Intent (LOI) from the Government of Madhya Pradesh for grant of a mining lease for the Itauri-Jharkua Limestone Block located in Panna district, according to an exchange filing. 

The company stated that the Mineral Resource Department of Madhya Pradesh issued the LOI after J K Cement was declared the “Preferred Bidder” for the mining lease on Tuesday. 

As per the disclosure, the limestone block is situated at villages Itauri and Jharkua in Tehsil Amanganj, District Panna, Madhya Pradesh. The mining area covers approximately 349.709 hectares. 

The company disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 

Stock Market Snapshot 

J K Cement share price declined 1.11% to ₹5,374 as of 12:59 PM IST on May 20, 2026, according to market data. 

The stock traded lower during the session despite the mining lease development, as broader market sentiment and sectoral movement weighed on trading activity. 

Market participants monitored the announcement as captive limestone resources are considered strategically important for cement manufacturers to support long-term raw material security and operational efficiency. 

The proposed mining block is expected to strengthen the company’s resource base in central India subject to further approvals and execution processes. 

About J K Cement 

J K Cement Ltd is one of India’s cement manufacturers with operations spanning grey cement, white cement and wall putty businesses. 

The company operates manufacturing facilities across multiple states and serves domestic as well as export markets through its cement and building material portfolio. 

Its operations include integrated cement plants, grinding units and captive raw material assets supporting production requirements. 

Conclusion 

The LOI for the Itauri-Jharkua Limestone Block marks a significant resource development for J K Cement as the company expands access to captive limestone reserves. 

Although the stock traded lower during the session, the mining lease progression is expected to support long-term raw material availability for the company’s cement manufacturing operations. 

Source: 

• https://www.nseindia.com/get-quote/equity/JKCEMENT/JK-Cement-Limited 
• https://nsearchives.nseindia.com/corporate/JKCEMENT_20052026113641_SE_Intimation_LOI_-Itauri_Block_20052026.pdf