Dr Arvind Bodhankar, Executive Director, ESG and CRO, Dalmia Bharat,brings to light the various measures undertaken for the production of green cement and the importance of incorporating sustainability in the manufacturing process.
Tell us about the importance of going green for the Indian cement industry? The cement industry is one of the largest and most energy-intensive industries in India, accounting for a significant share of the country’s industrial emissions. Therefore, the importance of going green in the cement industry in India cannot be overstated. Here are some reasons why:
Environmental protection: Cement production is a major source of greenhouse gas emissions, including carbon dioxide, which contribute to global warming and climate change. By adopting green technologies and practices, the cement industry can reduce its carbon footprint and help protect the environment while doing cost optimisation.
Energy efficiency: The cement industry is highly energy-intensive, with most of the energy used in the manufacturing process coming from fossil fuels. By improving energy efficiency and using renewable energy sources, the industry can reduce its dependence on fossil fuels and lower its operating costs.
Compliance with regulations: Governments around the world are tightening regulations on industrial emissions, and India is no exception. By going green, cement companies can comply with environmental regulations and avoid fines and other penalties of regulations to be introduced in India in the future.
Consumer demand: Consumers are increasingly concerned about the environmental impact of the products they use and are demanding more sustainable and eco-friendly products. By going green, cement companies can meet this demand and differentiate themselves in the marketplace.
Hence, going green in the cement industry in India is essential for environmental protection, energy efficiency, regulatory compliance and meeting consumer demand for eco-friendly products.
Tell us about the cement blends or products from your organisation that are lower in their carbon content. Blended cements are a type of cement that is composed of a blend of two or more materials, with at least one of them being a cementitious material such as Portland cement, fly ash, ground granulated blast furnace slag (GGBS), silica fume, or limestone. In India, the following types of blended cements are commonly used and also manufactured by
Dalmia Bharat:
Portland Pozzolana Cement (PPC): PPC is a blend of clinker and pozzolanic materials such as fly ash. It is known for its high strength and durability, and is commonly used in construction projects such as dams, bridges, and high-rise buildings.
Portland Slag Cement (PSC): PSC is a blend of Clinker and GGBS, which is a by-product of the iron and steel industry. PSC is known for its high strength, low heat of hydration, and resistance to sulfate and chloride attacks, making it suitable for use in marine and coastal structures. Dalmia Bharat is the largest manufacturer of PSC in India. This cement has the lowest carbon footprint.
Composite Cement: Composite cement is a blend of OPC/clinker and other cementitious materials such as fly ash or GGBS as well as other materials such as limestone or silica fume. Composite cement is commonly used in construction projects where high durability and strength are required.
We provide the blended cements with brand name of Dalmia INFRAPRO and Dalmia INFRAGREEN in various blended cement categories mentioned above. Other brands include Dalmia DSP and Konark Cement.
Tell us about your Net Zero Goals. How much have you achieved so far? Net Zero goals refer to the target of achieving Net Zero carbon emissions, where the amount of carbon emissions produced is offset by the amount of carbon removed from the atmosphere. This can be achieved through a combination of reducing carbon emissions through efficient and sustainable manufacturing practices, as well as implementing carbon capture and storage technologies and investing in reforestation or other carbon removal projects. Achieving Net Zero goals requires significant investments in research and development, process improvements, and alternative energy sources. Many cement manufacturers are exploring the use of alternative fuels and raw materials, as well as adopting technologies such as carbon capture and storage, to help reduce their carbon footprint. It is important to note that achieving Net Zero goals is a complex and long-term process that requires collaboration across the entire industry as well as support from governments, investors and consumers. At the same time, Dalmia Cement has been doing its part and is the pioneer in setting up the target in the industry. We announced that we will become carbon negative by 2040. We are the first cement company globally to have such an ambitious target. And, we have been working in all spheres of its subject to meet our five-year interim targets. So far, we have been progressing well and ahead of our carbon negative roadmap targets. As compared to the target of 485 NetKgCO2/tonne of cementitious, we have already achieved 463 kgCO2/tonne of cementitious in FY23, which is more than 4.5 per cent reduction below the carbon negative target. All this has been taking place voluntarily without any regulatory push.
How do you incorporate sustainability in your cement manufacturing process? Here is how sustainability is incorporated in our cement manufacturing process: Sustainability is an important consideration for cement manufacturing. One way to promote sustainability is by using alternative raw materials and fuels in the manufacturing process. Some key alternative raw materials include fly ash and slag. The use of alternative fuels such as biomass and industrial byproducts can also help to reduce emissions and lower the carbon footprint of cement manufacturing. Dalmia Bharat has been enhancing their use to reduce natural minerals consumption. In addition, sustainable mining practices are being implemented to reduce the environmental impact of mining activities. This includes minimising water usage, using eco-friendly mining techniques, restoring mined land and protecting biodiversity in the surrounding areas. Water conservation is another important aspect of our sustainability. We are implementing measures such as recycling and reusing water, optimising processes to reduce water usage, and using rainwater harvesting to reduce dependence on freshwater sources. We are more than 14 times water positive organisation on account of water harvesting and saving activities. Air emissions are another significant concern in cement manufacturing. Technology upgrades, alternative fuels and regular monitoring and reporting of emissions is helping us to reduce emissions and improve air quality within our plants and surrounding areas. To address fugitive emissions, we have implemented several measures, such as using enclosed conveyors, installing dust collection systems, and regularly maintaining equipment to prevent leaks. Additionally, proper training and awareness programs are helping employees to identify and report any fugitive emissions. Finally, health and safety, people management and community engagement are another set of important considerations for promoting sustainability in our group and manufacturing process. Ensure the safety and well-being of the employees and engagement with local communities helps maintain the smooth relationships with key stakeholders. By incorporating these measures, we have been progressing on the sustainability journey and reducing our environmental impacts while demonstrating a commitment to responsible business practices.
What is the role of automation and technology in making cement an eco-friendly product? Automation and technology play a crucial role in making cement manufacturing a more eco-friendly and sustainable process. The use of advanced technologies and automation systems can help cement manufacturers to reduce energy consumption, increase efficiency and minimise waste generation. One of the significant advantages of automation and technology is that they can help in optimising the cement manufacturing process, thus reducing energy consumption and greenhouse gas emissions. For example, automated kiln control systems can help to maintain precise temperature and pressure conditions in the kiln, leading to more efficient and cleaner burning of fuels. Moreover, the use of advanced technologies, such as artificial intelligence and machine learning, can help in real-time monitoring of the manufacturing process and identification of any inefficiencies or areas of improvement. This can help manufacturers to optimise their operations and reduce waste and emissions. Predictive maintenance is another key aspect of automation and technology in the cement industry. It involves the use of sensors and data analytics to predict when maintenance will be required on equipment and machinery, allowing for timely repairs and replacements to be made. By implementing a predictive maintenance system, cement plants can reduce the likelihood of equipment breakdowns and minimise the need for reactive maintenance, which can be time-consuming and expensive. This can lead to increased efficiency, reduced downtime, and improved overall productivity, while also reducing the environmental impact of the manufacturing process. Another important aspect of technology in cement manufacturing is the use of digital solutions for tracking and reporting sustainability metrics. This can help manufacturers to monitor their environmental performance and identify areas of improvement to achieve their sustainability goals.
How do you measure the impact of your green cement on the environment and society, and what steps do you take to continuously improve its sustainability? Measuring the impact of green cement on the environment and society requires a comprehensive approach that considers the entire life cycle of the product. We have been taking several steps to measure the impact of our cement on the environment and society:
Environmental Impact Assessment (EIA): We conduct an Environmental Impact Assessment to evaluate the environmental impacts of our Cement production. This includes assessing the impact of raw material extraction, transportation, and manufacturing processes, as well as the energy and water usage and the carbon footprint of the product.
Social Impact Assessment (SIA): We also evaluate the social impact of Cement production on local communities, including employment opportunities, labour practices and community development. This is done through stakeholder engagement and local knowledge.
Life Cycle Assessment (LCA): We have also started conducting Life Cycle Assessment to measure the overall environmental impact of Cement from raw material extraction to disposal. This can help identify areas where improvements can be made to reduce environmental impact. The LCA has potential to identify hotspots or stages in the life cycle where the most environmental impact occurs.
Environmental Reporting: We regularly report on environmental performance and progress towards sustainability goals. This includes reporting on carbon emissions, water usage, waste generation, and other key sustainability indicators. Environmental reporting can be done through sustainability reports, annual reports, and other public disclosures. This helps our stakeholders informed and our performance as well as targets checked from independent assurance providers.
Stakeholder Engagement: We engage with stakeholders, including local communities, NGOs and regulators, to understand their concerns and perspectives on the impact of cement production. This can help identify opportunities for improvement and build support for sustainability initiatives. Stakeholder engagement also helps in development of sustainability strategies that are aligned with stakeholder expectations.
To continuously improve sustainability, cement, we are taking the following steps:
Research and Development: We invest in research and development to develop new low-carbon technologies and processes that reduce environmental impact. This involves developing new materials, improving manufacturing processes, and exploring alternative fuels and energy sources.
Efficiency Improvements: We are continuously improving the efficiency of manufacturing processes to reduce energy and water usage and improve environmental performance. This is done through process optimisation, equipment upgrades and energy management systems.
Green Procurement: We source raw materials from sustainable and responsible sources, including recycled materials and renewable resources.
This helps reduce the environmental impact of raw material extraction and supports
sustainable development.
Certification: We have third-party certifications to demonstrate the sustainability performance of green cement products under various categories. We also have third party certified plants for management systems. Certification helps us build credibility with customers and investors and it can differentiate green cement products in the market.
Collaboration: We collaborate with other companies and stakeholders to share best practices and develop sustainability initiatives that benefit the entire industry including us. This has evolved as associations, collaborating with supplier sand customers, and partnering with NGOs and other stakeholders.
Two cement concrete pavement roads covering a total stretch of 2.2 km in Akhoya village were inaugurated on 27th June 2026 by MLA Nuklutoshi Longkumer, who attended as the special guest. The project comprises the one km L Pangersowa Road and the one point two km Longchara Junction to RC Chiten Jamir Memorial Government High School road. A formal programme followed the inauguration at the school auditorium.
A technical report was presented by Er Waloniba of the Urban Engineering Wing-III, Kohima, which stated the project was sanctioned in March 2026 under the Special Assistance to States for Capital Investment scheme for 2025-26 at a sanctioned cost of Rs 29.1 million (mn). The work order was issued to M/s Ensign Construction on thirtieth April 2026 with a stipulated completion period of 12 months. Work commenced on fourth May 2026 and was completed on sixth June 2026, with the contractor and team finishing the tasks in around two months. The project included a single-lane cement concrete pavement with side drains, two slab culverts and breast walls at required locations.
Longkumer acknowledged the Chief Minister, the advisor for urban development, contractors and other stakeholders for the allocation and support, and he commended the contractor for early completion. He noted that cooperation from landowners and the community had been important in resolving land related issues that can otherwise delay developmental works. He emphasised that planned developmental activities carried out with collective effort would enable more projects to be implemented successfully.
The headmaster of RC Chiten Jamir Memorial Government High School, I Chubasenba Longkumer, outlined the school background, noting it was established in 1962, was earlier known as Government High School Changtongya and was renamed in 2014. Local representatives said the improved approach roads would ease access for students, staff, patients and the general public and fulfil a long standing aspiration of residents. A dedicatory prayer was offered by the pastor and the programme concluded with a ribbon cutting attended by village council and town council representatives.
Indian Cement Review (ICR) and Fuller Technologies brought industry, policy and technology leaders together to discuss how cement innovation can drive green construction at scale, writes Rakesh Rao.
India is building at a pace few countries can match. Highways, airports, housing, logistics parks, industrial corridors and urban infrastructure are reshaping the country’s economic geography. But beneath this growth story lies a difficult question: can India continue to build at scale without locking itself into a high-carbon future?
That question formed the core of an online panel discussion titled “Driving Green Construction Through Cement Innovation”, organised by Indian Cement Review (ICR) in association with Fuller Technologies as the Presenting Partner on June 25, 2026. The webinar brought together experts from cement technology, R&D, global industry platforms, building performance policy and international development cooperation to examine how low-carbon cement and material innovation can accelerate India’s green construction transition.
The discussion came at a crucial time. India has committed to achieving net-zero emissions by 2070 and reducing the carbon intensity of its economy by 45 per cent by 2030. At the same time, the country’s construction sector is expanding rapidly, driven by urbanisation, infrastructure development, housing demand and industrial growth. Cement, as one of the most widely used construction materials, sits at the heart of this transition. It is indispensable to development, but also central to the challenge of reducing embodied carbon in buildings and infrastructure.
Moderated by Nitika Krishan, Senior Urban Infrastructure and Sustainable Policy Consultant, the panel featured:
Dr Hemantkumar Aiyer, VP and Head R&D, Nuvoco Vistas Corp Ltd;
Devika Wattal, Innovation Lead, Global Cement and Concrete Association (GCCA);
Dr Sunita Purushottam, MD, GBPN India (Global Buildings Performance Network); and
Vaibhav Rathi, Senior Technical Advisor, GIZ (the German Agency for International Cooperation)
Setting the tone for the discussion, Nitika Krishan underlined the scale of the challenge before the sector. “The question before us is no longer whether we build, but how we build sustainably,” she said. She pointed out that construction accounts for nearly 40 per cent of global energy-related carbon emissions when both operational and embodied carbon are considered. Cement production, she added, remains one of the hardest industrial processes to decarbonise.
For India, this is not merely an environmental issue. It is a development issue, a competitiveness issue and increasingly, a market issue. As one of the world’s largest cement producers and among the fastest-growing construction markets, India’s material choices will influence the carbon trajectory of its built environment for decades. As Krishan observed, sustainability solutions in economies such as India must not remain limited to laboratory success. They must be scalable, commercially viable and practical at national level.
The innovation gap: From technology to market
Experts believe that there is a need to bridge the innovation gaps for making decarbonisation in cement and concrete scalable. Devika Wattal of GCCA, explained, “The starting point must be the core cement manufacturing process itself. The first and foremost is the heart of our process, the heart of cement manufacturing. How do we reduce clinker? That is always a topic where industry is working very intrinsically.”
Clinker reduction remains one of the most important pathways for lowering emissions in cement. Since clinker production is energy-intensive and chemically emits carbon dioxide, reducing the clinker factor through supplementary cementitious materials (SCMs), blended cements and new chemistries can have a significant impact. Wattal also noted that carbon capture, utilisation and storage (CCUS) will have a role, though it may not be the first lever for all markets.
However, she stressed that innovation cannot stop at technology development. A solution that works in the lab must also be adaptable to industry, scalable in production and acceptable in construction practice. “It is important for that innovation to be adaptable, to be scalable, and so that it can be executed in real time,” she said.
Wattal also called for stronger enabling systems around innovation. These include performance-based standards, product-level embodied carbon databases and clearer frameworks for evaluating green materials. Without these, low-carbon cement products may struggle to compete with conventional materials in procurement and design.
R&D must balance carbon, cost and performance
Bringing in the R&D perspective into the discussion, Dr Hemantkumar Aiyer of Nuvoco Vistas emphasised that low-carbon cement development cannot be treated as a single-variable exercise. Cement must perform in real construction conditions. It must deliver strength, durability, consistency and cost competitiveness, while also reducing carbon.
“The root of understanding and balancing all these aspects lies in materials, and knowing the materials,” he said.
According to Dr Aiyer, R&D teams must understand the variability of raw materials such as fly ash, slag and clinker. Different sources produce different material behaviours. This makes mix optimisation, material characterisation and processing-property relationships critical. When performance is affected, cement manufacturers must understand how strength enhancers, admixtures and other performance chemicals interact with the material system.
He also linked material science with process efficiency. Clinkerisation takes place at extremely high temperatures, around 1,400 to 1,450 degrees Celsius. Any improvement in raw mix design, process control or energy optimisation can, therefore, help reduce emissions and cost. Dr Aiyer pointed to artificial intelligence-based optimisation, Cement 4.0 tools and advanced software as important enablers for real-time process and material control.
“The more you understand the materials, the more you can control it,” he said.
LC3: The promise is proven, the sequencing is not
Limestone calcined clay cement, commonly referred to as LC3, has attracted global attention because it can reduce clinker content significantly by using calcined clay and limestone while maintaining performance in many applications. Kiranmai Sanagavarapu of Fuller Technologies said the technology itself has already moved beyond proof of concept. Fuller Technologies has worked with calcined clay technology for nearly two decades and has seen plants running in France and Ghana. These plants, she said, are meeting local and national specifications, while the economics are beginning to make sense.
“The calciner is performing, the economics is stacking up, it is making business sense to produce,” she said.
But if the technology is viable, why has adoption not scaled faster? For Sanagavarapu, the answer lies in project sequencing. Too often, clay characterisation happens after equipment is specified. This, she warned, is a backward approach because calciner design depends on clay mineralogy, kaolinite content, iron levels, reactivity, moisture and other variables.
“If you don’t know what your deposit looks like before you commit for the equipment, you are, in a way, going blind into designing,” she said.
She also identified permitting and plant integration as major bottlenecks. Environmental clearances, mining permissions and local regulatory approvals must begin early. Similarly, calcined clay must be integrated into existing grinding, blending and logistics systems from the design stage, not treated as an afterthought during commissioning.
India already has IS 18189:2023 standard for LC3, but Sanagavarapu pointed out that the standard is not yet visible enough in procurement documents. “The gap between what is technically being permitted and what the procurement is asking is the single biggest bottleneck,” she said.
In her view, successful scale-up depends on getting the sequence right: clay characterisation first, permitting in parallel, standards aligned with construction, and integration built into plant design.
India’s LC3 journey: Progress, but demand remains thin
Providing details of India’s LC3 commercialisation experience, Vaibhav Rathi of GIZ noted that JK Cement carried out the first commercial production of LC3 at its Rajasthan plant, followed by JK Lakshmi Cement three months later. These initiatives were supported by the International Climate Initiative of the Government of Germany, with IIT Delhi contributing deep institutional knowledge on LC3 research and BIS certification.
Rathi said India’s early experience has produced clear lessons. One of the biggest was the need to build capacity among regulators. While BIS certification existed, State Pollution Control Boards were unfamiliar with the technology and unsure about the approval pathway.
“The capacity building is not just needed amongst the producer and the users of the cement, but also the regulators who are working with this technology for the first time,” he said.
He also highlighted the need for better information on China clay deposits. Since China clay is currently classified as a minor mineral, centralised data on availability, quality and location is limited. If cement manufacturers are to adopt LC3 at scale, stronger mineral intelligence will be important.
The third issue is demand. LC3 has already been used in projects such as Palava City in Mumbai and Noida International Airport, but these remain limited examples. “It is in a chicken and egg situation,” Rathi said. “Cement companies are saying we need more demand, and users are saying there is not enough cement available.”
Public procurement, he suggested, could help break this cycle. If agencies such as CPWD and other public bodies begin testing, accepting and specifying LC3, it could create the market confidence needed for cement companies to invest in production and storage.
Building codes must catch up with innovation
Dr Sunita Purushottam of GBPN India argued that material choices will determine built environment emissions over the long term, but India’s current policy signals remain fragmented. Although LC3 has received BIS recognition, she pointed out that building codes, municipal bylaws, schedules of rates and sustainability codes do not yet provide uniform guidance on low-carbon cement.
“The current cement regulations are largely prescriptive and favouring traditional materials,” she said. This limits the ability of alternative materials to compete on performance, durability and emissions.
Dr Purushottam also raised the issue of taxation. Cement, including LC3, currently falls under the same GST bracket as conventional cement. A differentiated tax structure, she argued, could help accelerate market adoption. “In order for the market to demand LC3, that differentiation in the GST could go a long way,” she said.
She noted that green building certifications such as IGBC and GRIHA are already creating demand for low-carbon materials by assigning points for embodied carbon and sustainable material use. However, she said large-scale adoption will require regulatory mandates, particularly through building codes and state-level notifications.
She also cautioned that low-carbon cement alone does not solve the entire building performance problem. A material may reduce embodied carbon, but the operational carbon of a building depends on thermal performance, design, insulation and energy use. “The energy part has two elements,” she said. “One is the embodied carbon of the material itself, and the other is the operational carbon.”
Collaboration is the bridge between invention and impact
Wattal said GCCA sees innovation as a strategic priority and works through platforms that connect industry with academia and start-ups. “There is no way we will decarbonise our sector without innovation,” she said.
However, she stressed that research must be connected to actual industry challenges. Innovations developed in isolation may fail when they encounter real-world barriers such as raw material variability, plant integration, cost, standards and finance. Start-ups, too, need industry mentorship and scale-up pathways.
Wattal also flagged the importance of finance. Even strong technologies may struggle to attract investment if there is no common understanding of bankability. “We have always put projects into, is this a bankable project? But the definition of a bankable project has never been defined,” she said.
For India, she saw strong potential in its academic and start-up ecosystem, but said the challenge lies in alignment and prioritisation. The country has the research base, industrial capacity and market size. What it now needs is a coordinated route from innovation to deployment.
There is a practical concern for cement manufacturers: how can existing plants be adapted for lower emissions without compromising reliability or commercial viability?
Kiranmai Sanagavarapu addressed, “The reliability risk in calcined clay retrofit is definitely real, but it is almost always self-inflicted. The risk arises when a new process is added to an existing circuit without properly redesigning grinding and blending configurations.”
Existing cement plants, she explained, can take two broad routes. The first is external sourcing of calcined clay combined with mill optimisation. This requires lower capital investment and can potentially move in 12 to 18 months if other conditions are in place. It may reduce emissions by around 20 to 30 per cent. The second route is integrated calcination on site, which requires higher capital expenditure and longer lead times, but provides greater control over quality, supply and emissions reduction potential.
For Sanagavarapu, the principle is simple: low-carbon retrofits must be designed with intent. “Design it with an intent properly from the start. Start in the market conditions where the economics are already working,” she said.
Circularity: The overlooked advantage
According to Vaibhav Rathi, fly ash and slag are already well established in cement and construction (C&D), but construction and demolition waste remains underutilised. “C&D waste is a growing business opportunity which not many have taken up,” he said. India’s continuous construction and demolition activity creates huge volumes of waste, much of which contributes to air pollution, land degradation and material inefficiency. With the right processing and standards, this waste can be converted into useful construction products.
Rathi also pointed out that LC3 has a circular economy dimension that is often overlooked. It can use low-grade kaolin-rich clay left behind after high-grade clay is extracted for other applications. “LC3 is not only a low-carbon solution, but also a circular economy solution,” he said.
At the same time, he cautioned that LC3 in India is not yet cheap because it has not reached scale. Site-specific techno-commercial feasibility studies, supported jointly by development agencies and industry, could help companies assess whether LC3 production makes technical and financial sense at a given location.
Dr Purushottam added that India must address both low-carbon cement and construction waste together. “Both low-carbon cement and C&D waste go hand in hand. India does not have an option but to work on both,” she said.
Dr Aiyer called for policy shifts from both government and industry, including preferential purchasing of sustainable materials, minimum supplementary cementitious material requirements in public and public-private projects, and faster regulatory implementation. “If we can fast-track the regulatory standards and their implementation on the ground, that is the way to go,” he said.
From green ambition to green construction
Cement innovation is no longer only about chemistry. It is about systems. Low-carbon cement will scale only when technology, standards, procurement, finance, regulation, education and construction practice move together.
LC3 and other low-carbon technologies have shown promise. India has early commercial examples, strong research capability and growing market interest. But mainstream adoption will depend on whether demand can be created, regulators can be capacitated, standards can be embedded in procurement, and manufacturers can see a clear business case.
For a country building at India’s scale, the opportunity is enormous. Cement will continue to be central to infrastructure and urban development. The challenge now is to ensure that the cement used in India’s growth story carries a lower carbon burden.
Rakesh Rao
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JK Cement gained after being declared preferred bidder for the Gilund Limestone Block in Chittorgarh, Rajasthan, a lease area of 370.96 hectares. The firm saw its shares trade at Rs. 5550.05, up by 28.45 points or 0.52 per cent from the previous close of Rs. 5521.60 on the BSE. The scrip opened at Rs. 5569.15 and touched a high of Rs. 5625.00 and a low of Rs. 5531.00.
The stock recorded turnover of 1742 shares on the counter and the BSE group A stock with face value Rs. 10 has a 52 week high of Rs. 7565.00 on 20-Aug-2025 and a 52 week low of Rs. 4670.05 on 12-Jun-2026. Last one week high and low stood at Rs. 5625.00 and Rs. 5329.00 respectively. The promoters holding in the company stood at 45.66 per cent, while institutions and non-institutions held 40.61 per cent and 13.73 per cent respectively.
The e-auction conducted by the Government of Rajasthan resulted in the company being declared preferred bidder for the mining lease, and the allocation will enable the company to plan phased development of the deposit, subject to regulatory approvals. The Gilund block spans 370.96 hectares and its allocation is intended to support raw material security for the company’s cement operations in the region. The designation follows the government auction process and will allow the company to plan development and integration of the deposit into its supply chain.
The current market capitalisation stands at Rs. 430.38 billion (bn), reflecting market response to the mining news and prevailing valuation levels for the sector. Investors and analysts will watch for formal allotment and related disclosures that can clarify timelines, capital expenditure and expected production profiles. The report is intended for informational purposes and does not constitute investment advice, and market participants are advised to consult advisers before making decisions.
