Mangalam Cement's Rajasthan Mining Lease Bid Rejected
Mangalam Cement Limited has been informed by the Government of Rajasthan, Department of Mines and Petroleum, that their bid for the Nimana Duniya Extension Block mining lease in Kota District has been...
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Why is Mangalam Cement Limited in the news today?
Mangalam Cement Limited (MANGLMCEM) is in the news due to the company's bid for a significant mining lease was rejected, which is a negative development impacting potential future operations.
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Mangalam Cement's Rajasthan Mining Lease Bid Rejected
January 3, 2026, 09:28 AM
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More Details on This News
Mangalam Cement Limited has been informed by the Government of Rajasthan, Department of Mines and Petroleum, that their bid for the Nimana Duniya Extension Block mining lease in Kota District has been rejected. This decision, communicated via an order dated 31st December, 2025, cites the company's final price offer of 35.05% as comparatively lower than other bids received for similar limestone blocks in the region.
The company had initially been declared the Preferred Bidder on 8th July, 2025, for this block, which spans an area of 408.2974 hectares. Mangalam Cement stated that they participated in the e-auction process in full compliance with applicable laws and tender conditions, including the timely submission of the upfront payment.
The company is currently examining the details of the rejection order to determine its future course of action, which may include legal recourse. The information regarding the bid rejection was received by the company on 2nd January, 2026.
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