Birla Corporation Share Price in Focus After Mining Lease Bid Rejection

Birla Corporation Limited, a prominent player in the Indian cement industry, recently encountered a setback when its bid for a mining lease in Rajasthan was rejected.  

This decision was based on the bid's price offer being lower than those of other similar blocks in the region. 

Details of the Bid Rejection 

On January 3, 2026, Birla Corporation Limited disclosed that the Government of Rajasthan's Department of Mines and Petroleum had rejected its bid for the Gourum Khan Ki Dhani (South) Limestone Block.  

The block spans 499.6394 hectares, and the company's final price offer was 20.60%. The rejection was based on the bid being lower than others in the region. 

The company had previously been declared the preferred bidder for this block on June 13, 2025. Despite complying with all procedural requirements, including the deposit of the upfront payment, the bid was ultimately rejected. 

Compliance and Future Actions 

Birla Corporation participated in the e-auction process in accordance with applicable laws and tender conditions. The company ensured all procedural requirements were met, which was acknowledged by the Department of Mines and Petroleum.  

The company is currently examining the situation to determine its next steps, which may include legal recourse. 

Read More: Ramco Cements Share Price Rise 4% After Andhra Pradesh Mining Approval! 

Regulatory Compliance and Disclosure 

The company has made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was received by Birla Corporation on January 2, 2026, at approximately 12:49 p.m. IST.  

The company has stated that the disclosure requirements under the SEBI regulations and the SEBI Master Circular dated November 11, 2024, are not applicable in this instance. 

Birla Corporation Share Price Performance  

As of January 05, 2026, at 1:41 PM, Birla Corporation share price on NSE was trading at ₹1,107.00 down by 0.21% from the previous closing price. 

Conclusion 

Birla Corporation Limited's bid rejection for the limestone block in Rajasthan highlights the competitive nature of mining lease auctions in the region. The company's compliance with procedural requirements and its consideration of future actions demonstrate its commitment to addressing the situation. 

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