Mangalam Cement is Declared ‘Preferred Bidder’ for Mining Lease
In a significant development for the cement industry, Mangalam Cement has been declared the ‘Preferred Bidder’ for the Nimana-Duniya Extension mining block in Kota district, Rajasthan. This announcement comes after the company participated in a forward e-auction for the block on MSTC’s e-auction portal on July 4, 2025.
The auction was issued by the Government of Rajasthan, and Mangalam Cement’s successful bid is expected to bring significant benefits to the company’s growth prospects and profitability. The Nimana-Duniya Extension mining block is a non-captive limestone mine, which will provide Mangalam Cement with a steady supply of high-quality limestone for its cement production.
Mangalam Cement’s winning bid is a testament to the company’s commitment to growth and expansion, and its ability to navigate the competitive bidding process. The company’s success in securing the mining lease is expected to have a positive impact on its share price, which has already seen a significant jump in the past few days.
According to market analysts, the stock price of Mangalam Cement has risen by over 22% in the past two trading sessions, following the announcement of the company’s emergence as the preferred bidder for the mining lease. This significant increase in share price is a reflection of the market’s confidence in the company’s growth prospects and its ability to execute its business strategy.
The Nimana-Duniya Extension mining block is a significant asset for Mangalam Cement, and its acquisition is expected to provide the company with a long-term supply of high-quality limestone. This will enable the company to reduce its dependence on external suppliers and improve its cost structure.
Mangalam Cement’s success in securing the mining lease is also expected to have a positive impact on the company’s cement production capacity. The company’s cement plants are currently operating at a capacity utilization of around 85%, and the additional limestone supply from the Nimana-Duniya Extension mining block will enable the company to increase its production capacity and meet growing demand from the construction sector.
The construction sector in India is expected to continue its growth momentum in the coming years, driven by government infrastructure spending and private sector investments. Mangalam Cement’s expansion plans, including the acquisition of the Nimana-Duniya Extension mining block, are well-placed to benefit from this growth trend.
Mangalam Cement’s promoter group has been instrumental in the company’s growth journey, and their continued support has been instrumental in the company’s success. The promoter group has a long-term view on the company’s growth prospects and has demonstrated its commitment to the company’s success through its decision to participate in the e-auction and secure the mining lease.
In conclusion, Mangalam Cement’s emergence as the preferred bidder for the Nimana-Duniya Extension mining block is a significant development for the company and the cement industry as a whole. The acquisition of this high-quality limestone mine is expected to provide the company with a long-term supply of raw materials, improve its cost structure, and increase its cement production capacity. With the construction sector expected to continue its growth momentum, Mangalam Cement is well-positioned to benefit from this trend and deliver strong growth and profitability in the coming years.
