Image Source: Trade Brains
Birla Corporation Ltd has been declared the preferred bidder for a limestone block in Rajasthan, marking a key milestone in its raw material acquisition strategy.
Key Highlights
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The block, located in Jaisalmer district, spans 160.3882 hectares and is part of the mineralrich Gourum Khan Ki Dhani (South) region.
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Birla Corp secured the bid with a final price offer of 20.60 percent during the stateconducted eauction.
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The area is known for highgrade cement limestone, critical for longterm supply chain stability.
Strategic Impact
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The allocation strengthens Birla Corp’s raw material security and supports its expansion plans across its cement units in
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Rajasthan, Madhya Pradesh, Maharashtra, and West Bengal.
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The mining lease will be granted post statutory approvals, aligning with the company’s compliance roadmap.
Market Response
Shares of Birla Corp rose over 3 percent following the announcement, reflecting investor optimism around future capacity utilization and margin growth.
Sources: Economic Times Realty, Angel One, Business Standard, Rediff Money, Rajasthan DMG Notification
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