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JK Cement Ltd has been declared the preferred bidder for the mining lease of the Maliyakheri Limestone Block-I in Rajasthan, following an e-auction conducted by the state government.
The limestone block, spread over 6.90 hectares in Chittorgarh, is expected to enhance the company’s raw material security, given that limestone is a critical input for cement production.
The company stated that it participated in the auction conducted by the Government of Rajasthan and emerged as the preferred bidder. Further steps, including regulatory approvals and execution of the mining lease agreement, will be completed in accordance with the auction process.
News by Rahul Yelligetti.
