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FINWIRES

J. K. Cement Emerges Preferred Bidder for Mining Lease for Karunda Limestone Block in India

-- J. K. Cement (NSE:JKCEMENT, BOM:532644) has been declared as the preferred bidder for the mining lease for Karunda Limestone Block-I spread over an area of 35.98 hectares in Chittorgarh in the state of Rajasthan, India, according to a Thursday filing to the Indian stock exchanges.

The company had participated in the e-auction conducted by the state government of Rajasthan.

The company's shares were down over 2% in recent trade.

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