JK Lakshmi to rehabilitate Udaipur Cement unit, India

JK Lakshmi to rehabilitate Udaipur Cement unit, India
Published: 03 June 2013


JK Lakshmi is in the process of revamping a unit belonging to Udaipur Cement, as part of the company's move to increase capacity.

“We are in the process of taking over a 1.3Mt unit. More than INR100 crore has been invested [in the unit]” Shailendra Chouksey, Whole-time Director, told Business Line.

In November 2003, Udaipur Cement was referred to the Board for Industrial and Financial Reconstruction (BIFR), a central government agency whose objective is to determine the health of industrial companies and to assist in reviving those that may be viable and shutting down the others.

Mr Chouksey said grinding operations at the Udaipur Cement plant will begin within the next couple of months but clinker production is likely to resume in October 2014.