Birla Corporation Ltd, the flagship company of MP Birla Group, announced that the Rajasthan government has rejected its bid for the Gourum Khan Ki Dhani (South) limestone block, despite being declared the preferred bidder earlier.

Bid Details and Timeline

The company had achieved preferred bidder status when it was declared by the Government of Rajasthan's Director of Mines and Geology on June 13, 2025. This status was awarded based on Birla Corporation's highest final price offer in the competitive bidding process.

Government's Rejection Order

The Department of Mines and Petroleum, Government of Rajasthan, issued an order on December 31, 2025, rejecting Birla Corporation's bid. The rejection was executed under Clause 14.11 of the Tender Document, which grants the government discretionary powers in the bidding process.

According to the official order, the company's final price offer of 20.60% was deemed comparatively lower than bids received in auctions of other similar limestone blocks in the region. This comparative analysis formed the basis for the government's decision to reject the bid despite Birla Corporation's initial preferred status.

Company's Compliance and Response

Birla Corporation emphasized its full compliance with the auction process and regulatory requirements. The company participated in the e-auction process in accordance with applicable laws and tender conditions, meeting all procedural requirements within prescribed timelines.

The company stated it is currently examining the matter to determine its future course of action, including the possibility of pursuing legal recourse against the rejection.

Market Impact

The limestone block rejection adds to the company's recent challenges in securing raw material resources for its cement operations. Birla Corporation operates in the cement sector and is classified as a mid-cap company with significant market presence in the industry.

Birla Corporation Limited has announced that it has received an Environmental, Social and Governance (ESG) score of 69.3 from SES ESG Research Private Limited. The company made this disclosure in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESG Rating Details

The ESG rating was assigned voluntarily by SES ESG Research Private Limited based on publicly available information and the company's fiscal 2025 disclosures. The assessment was conducted independently without any engagement from Birla Corporation Limited.

Company Clarification

Birla Corporation Limited emphasized that it did not engage SES ESG Research Private Limited for the ESG rating or score. The rating agency independently assigned the ESG score based on their analysis of the company's publicly disclosed information and fiscal 2025 data.

Timeline and Compliance

The company received the ESG rating information on December 31, 2025, at approximately 4:16 p.m. IST. Following regulatory requirements, the information has been disclosed to the stock exchanges and uploaded on the company's official website at www.birlacorporation.com .

Regulatory Framework

This disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to inform stock exchanges about material events and information that could impact investor decisions. The announcement was signed by Manoj Kumar Mehta, Company Secretary & Legal Head of Birla Corporation Limited.