JK Cement secures loan for Rs.1,000 crore cement plant

JK Cement secures loan for Rs.1,000 crore cement plant
Published: 18 October 2007

JK Cement Ltd has secured a term loan to set up its Rs.1,000 crore grey cement plant in Karnataka. 
 
Subsidiary Jaykaycem Ltd will construct the cement plant with a Rs.525 crores term loan from  IDBI Bank Ltd, with the company’s promoters contributing the Rs.475 crores balance. 
 
The project is scheduled to be completed by March 2009.