J K Cements has received a Letter of Intent (LOI) from the Government of Madhya Pradesh's Mineral Resource Department for the grant of a mining lease. According to the latest disclosure, the company was declared the 'Preferred Bidder' for the mining lease on Tuesday, with the Mineral Resource Department issuing the LOI after this declaration. As per the company announcement, this represents a significant limestone resource acquisition for the company's operations in the state.
The mining lease covers an area of 349.709 hectares and is located at villages Itauri and Jharkua, within Tehsil Amanganj, District Panna, Madhya Pradesh. As reported by HDFC SKY, this represents a significant limestone resource development for the company's operations in central India. The proposed mining block is expected to strengthen the company's resource base subject to further approvals and execution processes.
The approval of this mining lease provides J K Cements with access to limestone reserves in Madhya Pradesh, which will support the company's cement manufacturing operations. According to the company announcement, this development represents a key expansion of the company's raw material base for its cement production activities. However, market participants noted that J K Cement share price declined 1.11% to ₹5,374 as of 12:59 PM IST on May 20, 2026, despite the positive mining lease development. The stock traded lower during the session as broader market sentiment and sectoral movement weighed on trading activity.
