Shree Cement Emerges Preferred Bidder for Andhra Pradesh Limestone Block; Shares Trade Higher

Shree Cement Limited has announced a development in its raw material sourcing strategy, alongside steady movement in its share price on March 18, 2026. 

The company has been declared the preferred bidder for a limestone mining lease in Andhra Pradesh, which may support its long-term operational requirements. Meanwhile, its stock recorded a moderate uptick during intraday trading.

Preferred Bidder Status for Limestone Block

Shree Cement participated in an e-auction conducted by the Government of Andhra Pradesh for the Dommarnandyala-1 limestone block located in the YSR Kadapa district. The company has been identified as the preferred bidder for the mining lease.

The block spans approximately 373 hectares and is expected to provide access to a key raw material used in cement production. This development aligns with the company’s focus on securing resource availability to support its manufacturing operations.

Strategic Importance of the Acquisition

Limestone is a primary input in cement production, and securing mining rights can contribute to operational stability over the long term. The allocation of this block may help the company manage input costs and improve supply chain efficiency.

Such developments are also relevant in the context of capacity planning, as access to raw materials plays a role in supporting future expansion and production continuity.

Shree Cement Share Price Performance

Shares of Shree Cement Limited traded higher on March 18, 2026, indicating mild positive sentiment during the session. The stock opened at ₹23,910.00 and moved within a range of ₹23,705.00 to ₹24,000.00 during intraday trade.

It was last recorded at ₹23,830.00, reflecting a gain of ₹155.00 or 0.65% compared to the previous close of ₹23,675.00. The movement suggests moderate buying interest, with the stock maintaining a relatively stable trading range.

Regulatory and Disclosure Context

The announcement was made in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Such disclosures are required for material events that may have a bearing on the company’s operations or financial position.

Read More: Tata Steel Limited has informed the Exchange about acquisition of stake in Medica TS Hospital Private Limited, subsidiary company of Tata Steel Limited.

Conclusion

The preferred bidder status for the limestone block in Andhra Pradesh marks a development in Shree Cement’s resource strategy. Alongside this, the company’s share price showed a modest increase during the trading session. These factors together reflect operational progress and steady market activity, while further developments will depend on regulatory approvals and execution timelines.

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 or 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 related documents carefully before investing.