Mangalam Cement Wins Mining Block in Rajasthan

Kota, July 8, 2025 – Mangalam Cement Ltd (NSE: MANGLMCEM, BSE: 502157) has been declared the Preferred Bidder for the Nimana-Duniya Extension mining block in Kota district, Rajasthan, following its successful participation in a forward e-auction conducted by the state government.

The online auction was hosted on July 4, 2025, by MSTC and organized by the Directorate of Mines & Geology, Government of Rajasthan. It will strengthen the company’s raw material security and reinforce its long-term production capacity.

In the early trading session, as of 10:29 AM, shares of the company were trading at ₹764.80, reflecting a 2.39% rise.

Strategic Mining Lease Secured

In a regulatory filing on July 8, the BK Birla Group company confirmed that it participated in the online auction hosted by MSTC on July 4, 2025. The auction was organized by the Directorate of Mines & Geology, Government of Rajasthan, for granting a Mining Lease for the Nimana-Duniya Extension Block.

The company was officially notified by the Directorate as the Preferred Bidder, a status that grants it exclusive rights to proceed with the necessary compliance and approvals before formal allocation.

Regulatory Context

This disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely updates on material events or strategic developments impacting listed entities.

Company Statement

“Mangalam Cement Limited has participated in the forward e-auction… and the Company has been declared as the Preferred Bidder of the said block,” stated Pawan Kumar Thakur, Company Secretary and Compliance Officer of Mangalam Cement, in the official communication to the exchanges.

Outlook

Mangalam Cement’s successful bid for the Rajasthan mining block has boosted investor confidence, reflecting positively in early trade. The strategic win is expected to enhance raw material security and production potential, positioning the company for improved operational efficiency and long-term growth in a competitive market.

About the Company

Mangalam Cement Ltd, part of the renowned BK Birla Group, is a listed cement manufacturer operating primarily in Rajasthan. With its registered office and integrated plant located in Morak, Kota district, the company caters to key infrastructure and housing demand across northern and central India. It is listed on both BSE and NSE.

REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/d634dcd5-9f5d-4995-b1ee-32b8b87ce8ec.pdf

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