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News: Birla Corporation has announced that the company is declared as the preferred bidder in the e-auction of a limestone block, situated in district Jaisalmer, Rajasthan. The company has agreed to pay 20.60% of the value of the limestone it extracts from the block to the state government as part of its revenue share. The limestone block spans approximately 499.64 hectares
View: Company is already in process of expanding its capacity from 20 mtpa at present to 27.6 mtpa by FY28E-29E, as company is on track to set up a clinker unit at Maihar, Madhya Pradesh and 3 new grinding units at Prayagraj, Gaya, Aligarh. With already having strong presence in Central region, company is also looking for increasing its presence in North region. With this limestone block in Rajasthan, the company will benefit in terms of self sufficiency of key raw material Limestone.
Impact: Positive