NEW DELHI: JK Lakshmi Cement has been declared the preferred bidder for the Juipahar New Umrangso Limestone Block (A and B) in Assam, following an e-auction conducted by the Government of Assam, according to regulatory filings with the BSE.
The limestone block spans 405 hectares and will be held under a mining lease. The company said the resource will support its raw material requirements and strengthen its presence in the North East region.
In a separate development, the company’s committee of directors has approved the acquisition of 77.96% equity shareholding in NECEM Cements. JK Lakshmi Cement has entered into a share purchase agreement with NECEM and its promoters and other shareholders for the transaction.
The acquisition will cost ₹19 crore along with the takeover of certain past liabilities, as per the filing.
NECEM Cements, incorporated in 1985 and headquartered in Guwahati, reported revenue from operations of ₹1.56 crore and a net loss of ₹4.59 crore for the financial year ended March 31, 2025. The company had a total asset size of ₹11.31 crore during the same period.
The target company holds around 150 bigha of council-leased land in Assam, along with captive mining rights and limestone reserves estimated at about 40 million tonnes.
JK Lakshmi Cement plans to use NECEM’s land and adjoining parcels to set up a clinkerisation unit with capacity of 0.95 million tonnes and a cement grinding unit of similar capacity.
The company said the acquisition would strengthen its footprint in the North East and provide access to limestone reserves required for long-term operations in the region.
