JK Cement Receives LoI for Itauri-Jharkua Limestone Block in Madhya Pradesh

JK Cement has received a Letter of Intent (LoI) from the Madhya Pradesh government for the Itauri-Jharkua Limestone Block located in Panna district, according to an exchange filing dated May 20, 2026.  

The company informed the stock exchanges that the LoI has been issued by the state’s Mineral Resource Department.  

Block Located in Panna District 

The limestone block is spread across villages Itauri and Jharkua in Tehsil Amanganj of Madhya Pradesh’s Panna district. The filing stated that the total area of the mining block measures 349.709 hectares.  

Limestone is one of the main raw materials used in cement manufacturing. Cement companies typically secure mining rights through auctions and leases to support future production requirements and raw material availability. 

Development Follows Earlier Bid Announcement 

JKCement said the latest communication is linked to its earlier disclosure made on March 19, 2026, when the company was declared the preferred bidder for the mining lease of the same block.  

The company received information regarding the issuance of the Letter of Intent on May 19, 2026.  

Filing Submitted to Stock Exchanges 

The regulatory filing was signed by Bhumika Sood, Company Secretary and Compliance Officer of JKCement. The company also stated that disclosures under the SEBI Master Circular dated January 30, 2026, were “Not Applicable” in this case.  

The filing added that the information has also been made available on the company’s official website.  

Read More: LIC Share Price in Focus; Gets Shareholder Nod for 1:1 Bonus Share Issue! 

JK Cement Share Price Performance  

As of May 20, 2026, 1:14 pm, J K Cement Ltd share price was trading at ₹5,371.50, down 1.16% from the previous closing price. 

Conclusion 

JKCement has received a Letter of Intent for the mining lease of the Itauri-Jharkua Limestone Block in Madhya Pradesh. The company was earlier declared the preferred bidder for the block in March 2026. 

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.