JK Lakshmi Cement Share Price in Focus on LOI for Mining and Plant Project in Assam

JK Lakshmi Cement Ltd has received a Letter of Intent from the Assam Mineral Development Corporation Ltd (AMDCL) confirming its selection as the H1 (highest) bidder. The company will take on mining and related responsibilities under the Mine Developer and Operator (MDO) model. The LOI was issued on July 5, 2025, and formally reviewed by JK Lakshmi Cement on July 7, 2025.

Scope of the Work

The assignment involves drilling, excavation, transportation, and supply of limestone from the New Umrangso Limestone Mines. The project covers a total area of 630 hectares—divided into 430 hectares and 200 hectares. The company will also set up an integrated greenfield cement manufacturing plant and associated value-added facilities within Assam.

Auction Process

The tender was issued by AMDCL on May 19, 2025, under the Department of Mines & Minerals. JK Lakshmi Cement participated in the e-auction process and was declared the H1 bidder for both mining and plant development work. The selection was based on the terms outlined in the tender documents.

Validity and Terms

The LOI remains valid for 30 days from the date of issue unless extended by AMDCL. JK Lakshmi Cement is required to submit a performance bank guarantee and deposit a specified upfront amount. This deposit will later be adjusted against future limestone supply payments as defined in the agreement.

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Next Steps

The project will move forward subject to the terms and conditions of the final contract agreement. JK Lakshmi Cement will be officially designated as the ‘Successful Bidder’ only after meeting all compliance requirements. Further actions will follow as per the terms laid out by AMDCL.

JK Lakshmi Cement Share Price Performance 

As of 09:15 AM on July 8, 2025, JK Lakshmi Cement share price was at ₹984.35, a 0.62% increase. The stock is up 21.50% over the past 6 months and 13.81% over the past year.

Conclusion

The project includes mining rights over 630 hectares and plans for a new cement plant in Assam. The final award of the contract is contingent on the fulfilment of regulatory and contractual steps as per the issued tender and LOI.

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