JK Cement Ltd, one of the leading cement players in India, has two plants at Nimbahera and Mangrol with an aggregate installed capacity of 4.0Mta and is one of the top five producers of grey cement in the northern region. It is also the second largest producer of white cement in the country having manufacturing facility at Gotan with an annual installed capacity of 0.35Mt.
There has been marked improvement in the performance of the Company during the quarter. Highlights of performance during the quarter Apr. - June’06 vis a vis same quarter of previous year are as follows:
Grey cement production increased by 5% (922,392t vs. 878,463t)
White cement production increased by 20% (59,868 tons vs. 49,912 tons)
Increase in the production of blended cement up by 135% (579,365t vs. 247,027t)
Profit before tax increased by 762% (Rs.50.0 crores vs. Rs.5.8 crores). Profit after tax increased by 843% (Rs. 33.0 crores vs. Rs.3.5 crores)
The Company stated that it has already completed the expansion of grey cement in June’06 by 500,000t and now the capacity of grey cement has been increased to 4Mta. The Board has also decided to acquire, JayKayCem Ltd., a group Company having mining lease in the state of Karnataka for setting up a 3Mta cement plant with the project cost of around Rs.750 crores. The plant would be commissioned in the Oct - Dec. ’2008 quarter.