JSW Cement Secures Mining Lease for Assam's Sikilangso Limestone Block

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JSW Cement Secures Mining Lease for Assam's Sikilangso Limestone Block

Representational image (Image: News18)

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News18•02-03-2026, 22:30

JSW Cement Secures Mining Lease for Assam's Sikilangso Limestone Block

•JSW Cement Ltd declared 'Preferred Bidder' for Sikilangso Limestone Block in Assam.
•The mining lease was secured through an e-auction conducted by the Government of Assam.
•The Sikilangso Limestone Block (Part A & Part B) is located in Umrangso, Dima Hasao District, Assam.
•Each block (A and B) spans an area of 200 hectares.
•JSW Cement aims to expand its grinding capacity to 41.85 MTPA and clinker capacity to 13.04 MTPA across India.

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JSW Steel | The company has become India's largest steel producer after having rapidly expanded its capacity from 8 MTPA in FY10 to 34 MTPA in FY25. It also has plans to raise it to 42 MTPA by September-2027, led by a 5 MTPA Dolvi expansion and de-bottlenecking. Expansions are also planned in Andhra Pradesh with an aim to take the capacity to 50 MTPA by financial year 2031. Jefferies said that India flat steel spot prices may see further improvement as Asian spreads bounce back. JSW Steel's EBITDA per tonne may expand to ₹8,500 in the December quarter to ₹11,600 in the March quarter and then to ₹14,000 by financial year 2027-2028, Jefferies said. Price target of ₹1,400 implies a premium to Tata Steel considering the former's higher India exposure, higher EBITDA sensitivity to rising steel prices and the absence of any mine-related overhang after 2030.

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