JK Lakshmi to invest in Chhattisgarh unit

JK Lakshmi to invest in Chhattisgarh unit
Published: 08 February 2011

Envisioning higher cement demand from rural India, JK Lakshmi Cement plans to set up a 2.7Mt greenfield plant at Durg (Chhattisgarh), and grinding units in Orissa and Jharkhand, a senior company official said.    

"We will invest INR12.5bn to set up a 2.7Mta cement unit in Chhattisgarh. The unit at Durg is likely to start production by mid-2013," company’s director Shailendra Chouksey told local press.

The construction activity, which was hampered by a severe winter and good monsoons, is likely to pick up in the current quarter itself.   

"We expect higher construction activity in rural India, as good monsoons have increased purchasing power of the rural masses," he said.    

Chouksey said he expected higher construction activity in Bihar, Jharkhand, Chhattisgarh and Orissa in the next financial year.  Considering the expected growth in these states, the company plans to set up three grinding units in Orissa, Jharkhand and Haryana to minimise cement loss in transporting the commodity, Chouksey said.    

"We have not yet identified the places in Orissa and Jharkhand, but the Haryana unit will be operational in Jhajjar by Jan 2012," he said.