JK Lakshmi Cement Ltd has been declared the preferred bidder in the e-auction conducted by the Government of Assam for the Juipahar New Umrangso limestone block (A and B). According to reports from CNBC TV18, the mining lease covers an area of 405 hectares in Assam. This acquisition represents a significant expansion opportunity for the cement manufacturer's raw material base in the northeastern region. The successful bid was officially confirmed via regulatory disclosure on March 12, 2026, with the Company Secretary Amit Chaurasia authorizing the communication on behalf of JK Lakshmi Cement Limited.
The company has announced the acquisition of 77.96% equity shareholding in NECEM Cements Ltd through a share purchase agreement with NECEM and its promoters. As reported by Mint, the acquisition cost is ₹19 crore plus takeover of certain past liabilities, with completion targeted on or before March 31, 2026. NECEM holds approximately 150 Bigha of Council leased land with small township and captive mining rights in Assam, containing limestone reserves of approximately 40 million tonnes. The acquisition will enable JK Lakshmi Cement to establish a clinkerisation unit of 0.95 million tonnes and cement grinding unit of 0.95 million tonnes.
The company reported mixed financial results for the third quarter. As reported by CNBC TV18, JK Lakshmi Cement posted a net profit of ₹57 crore, representing a 23% year-on-year decline from ₹74 crore in the corresponding quarter last year. However, revenue from operations increased 6.3% year-on-year to ₹1,588 crore, up from ₹1,496 crore in the same quarter last year. EBITDA for the quarter stood at ₹205.5 crore, showing a 2.1% increase from ₹201.2 crore in the previous year, though EBITDA margin came in lower at 12.9% compared with 13.4% in the year-ago quarter.
The company is undertaking significant capacity expansion initiatives across multiple locations. According to CNBC TV18, JK Lakshmi Cement is constructing a railway siding at its Durg cement plant at a cost of ₹325 crore, to be funded through debt of ₹225 crore with the balance financed through internal accruals. The first phase of this project has already been completed. The company is also expanding the clinker capacity at its integrated cement plant in Durg, Chhattisgarh, by adding an additional clinker line of 2.3 million tonnes per annum and four cement grinding units aggregating to 4.6 million tonnes per annum.
Shares of JK Lakshmi Cement Ltd ended at ₹607.80, up by ₹2.45, or 0.40%, on the BSE, according to CNBC TV18. The stock gained as much as 2.9% to ₹625.40 in early trading on Friday following the announcement of the mining lease acquisition and NECEM stake purchase. However, the stock has faced broader market pressures, declining 14% in one month and 23% year-to-date, with a 32% drop over six months and 24% decline over two years. The modest stock movement reflects market response to both the mining lease acquisition and the company's quarterly financial results, with investors showing cautious optimism about the company's expansion strategy and raw material security through the new Assam limestone block.
