JK Cement Shares Trade Higher on Securing Rajasthan Limestone Block 

Shares of JK Cement Ltd. moved higher on 24 June after the company announced that it had emerged as the preferred bidder for the Gilund Limestone Block in Rajasthan. 

The development marks another strategic step in the company’s efforts to secure long-term access to key raw materials and support its future expansion plans.

According to the company’s regulatory filing, JK Cement participated in an e-auction conducted by the Rajasthan government and secured preferred bidder status for the mining lease of the Gilund Limestone Block located in Chittorgarh district. 

The block covers approximately 370.96 hectares, and the company received official communication regarding the award on 23 June. 

While JK Cement has not yet disclosed details regarding mineral reserves, capital expenditure, or the timeline for commencing mining operations, the asset is expected to strengthen the company’s limestone resource base. The latest win adds to a series of mining block acquisitions secured by JK Cement in recent months. 

Earlier in 2026, the company was named the preferred bidder for limestone blocks in Rajasthan and Madhya Pradesh, highlighting its continued focus on ensuring raw material availability for future capacity growth and operational efficiency. These acquisitions are expected to enhance supply security and reduce dependence on external sources.

Management remains optimistic about demand trends and market-share gains. Company executives recently indicated that JK Cement expects grey cement volumes to grow at a faster pace than the industry average in FY27, supported by available capacity and a strong presence across key markets.

For the quarter ended March 2026, JK Cement reported consolidated revenue of Rs 3,887.5 crore, an increase of 8.6% year-on-year. Net profit stood at Rs 333 crore, while higher input costs weighed on profitability, leading to a decline in EBITDA margins. Despite near-term cost pressures, the company continues to focus on expansion, resource security, and volume growth, positioning itself to benefit from rising infrastructure and housing demand across India.

However,at 1:10 pm, the shares of the company were trading flat at Rs 5,519.00 on NSE.

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