JK Cement Share Price in Focus; Receives LoI for 1,188-Hectare Limestone Mining Lease in Andhra Pradesh

JK Cement has moved a step closer towards securing a key limestone resource in Andhra Pradesh after receiving a Letter of Intent (LOI) from the state government for a mining lease.  

The development follows the company's earlier selection as the preferred bidder for the mining block and is expected to support its long-term raw material requirements for cement production. 

Andhra Pradesh Issues LOI For Limestone Block 

The Department of Mines and Geology, Government of Andhra Pradesh, has issued a Letter of Intent to JK Cement for the grant of a mining lease for the Dommarandyala Block-3 Limestone Block. The mining asset is located in YSR Kadapa district of Andhra Pradesh and covers an area of 1,188 hectares. 

The company informed stock exchanges that the communication was received on May 20, 2026, at around 5:16 PM (IST). The issuance of the LOI marks an important milestone in the allocation process of the limestone block. 

Earlier Declared Preferred Bidder 

The latest development follows JK Cement's earlier announcement dated March 19, 2026, when it was declared the “Preferred Bidder” for the mining lease of the Dommarandyala Block-3 Limestone Block. 

Being selected as the preferred bidder positioned the company to move forward in the allocation process, subject to the issuance of the required approvals and documentation by the concerned authorities.  

The receipt of the LOI now advances the process further and confirms the government's intent to grant the mining lease for the block. 

Read More: JK Cement Share Price in Focus After Company Secures Major Limestone Mining Lease in Madhya Pradesh! 

JK Cement Share Price Performance 

As of 21 May 2026, at 9:16 AM, JK Cement share price is trading at ₹5,370.50 per share, reflecting a surge of 0.49% from the previous closing price. 

Conclusion 

The receipt of the Letter of Intent for the Dommarandyala Block-3 Limestone Block represents a significant step in JK Cement's efforts to secure limestone resources. The proposed mining lease in Andhra Pradesh adds to the company's long-term resource base and supports its growth plans in the cement industry. 

Want to read stock market updates in Hindi? Angel One News gives comprehensive 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.