The Jammu and Kashmir Cements (JKCL) on Saturday assured the state Chief Minister Ghulam Nabi Azad that work on its new cement plant at Khrew will be completed by April next.
The board of directors of JKCL meet today and assured the Chief Minister to complete work on the 600tpd capacity plant by April, 2008, sources said.
Earlier, the Chief Minister had asked JKCL to ensure commissioning of the cement plant by April 2008, so that the cement from the new plant hits the market at the start of next working season.
The foundation of the plant was laid by Azad on October 27, 2006.
Meanwhile, the turnover of the JKCL during the last financial year was to the tune over Rs 74.28 crore surpassing the target fixed for the period, sources said.
The cement production was around 15,4462 metric tonnes (mts) and sales were of the order of 151753 mts, exceeding the targets by 3.78 per cent and 1.98 per cent, respectively.
During the first six months of the current fiscal, there had been an increase of 11.31 per cent in cement production and 13.31 per cent in cement sales compared to the same period of the previous year, sources said.
JKCL said the company was providing employment to more than a 1,000 semi-skilled, skilled, specialised and super-specialised people directly or indirectly.
In addition, about 200 distributors and sub-dealers were also engaged in its cement sale promotion.