Rajasthan Rejects Birla Corp's Limestone Block Bid; Company Eyes Legal Action

• Rajasthan government rejected Birla Corporation's bid for the Gourum Khan Ki Dhani South limestone block, despite earlier preferred bidder status.
• The rejection, dated December 31, 2025, cites Birla Corp's 20.60% offer as "comparatively lower" than bids for similar blocks.
• Birla Corporation was declared the preferred bidder on June 13, 2025, for the 499.6394 hectares block.
• The company asserts compliance with all tender conditions and upfront payment, acknowledged by the Department of Mines and Petroleum.
• Birla Corporation is now exploring legal recourse; its shares saw a slight dip on January 2.

Why It Matters: Rajasthan rejected Birla Corp's limestone bid due to a low offer; company considers legal options.