JK Lakshmi Cement’s net profit more than doubles

JK Lakshmi Cement’s net profit more than doubles
Published: 26 November 2007

JK Lakshmi Cement Ltd (JKLC) has posted a net profit at Rs 142 crore during six months of the current fiscal as compared to Rs 66 crore in the corresponding period of the previous year.  
 
The company has also restructured its high cost debts which would help in reducing interest cost of the company.  
 
JKLC has replaced its high cost debts by cheaper funds to the extent of Rs 325 crore, which will reduce interest costs, the company said in a release.  
 
The company has reported all round improvements and has achieved excellent performance consistently for more than two years, the release added.  
 
JKLC’s 36 MW captive power plant, which was commissioned recently, will contribute significantly to reduce power costs, it said.  
 
JKLC’s project for further enhancing the capacity from 3.4 million MT to 5 million MT per annum is progressing as per schedule and is expected to be commissioned by September-end 2008.  
 
The company is aggressively expanding its manufacturing facility of Ready Mix Concrete (RMC), a value added product.