Legal6 Feb 2026, 07:24 pm
JK Lakshmi Cement Ltd. Receives Cancellation Notice from Assam Mineral Development Corporation Ltd.
AI Summary
JK Lakshmi Cement Ltd. has received a cancellation notice from Assam Mineral Development Corporation Ltd. (AMDCL) regarding the cancellation of the MDO Agreement for the New Umrangso Limestones Mines. The mines were initially allotted by the Govt. of Assam to AMDCL, and the Company was selected as the Mine Developer & Operator. However, the Govt. of Assam has now directed AMDCL to revert the mining blocks to the government for a fresh auction process. This cancellation may result in a delay in the implementation of the proposed cement project by the Company.
Key Highlights
- JK Lakshmi Cement Ltd. has received a cancellation notice from AMDCL regarding the cancellation of the MDO Agreement.
- The cancellation is due to the Govt. of Assam directing AMDCL to revert the mining blocks to the government for a fresh auction process.
- The cancellation may result in a delay in the implementation of the proposed cement project by the Company.
- The Company plans to challenge the cancellation notice before the appropriate authority.
- The mines were initially allotted by the Govt. of Assam to AMDCL, and the Company was selected as the Mine Developer & Operator.