Cement News tagged under: JK Cement
Competition Commission of India imposes US$944m fine for cartelisation01 September 2016, Published under Cement NewsThe Competition Commission of India (CCI) has levied a fine of INR63.2bn (US$944m) on 10 cement companies whom it accuses of conspiring to fix prices in contravention of competition law. In addition, the Cement Manufacturers Association has been ordered to pay a INR7.3m fine. Of the 10 companies, four – Jaiprakash Associates, UltraTech, Ambuja Cements and ACC – will bear the brunt of the penalties, accounting for 76 per cent of the total fine. The other firms fined today are Lafarge, Cent... |
JK Cement: white cement demand growing?24 August 2016, Published under Cement NewsAccording to JK White Cement executives, white cement has witnessed an increase in demand over the past few years. In a statement the company said, "In the modern construction world, the demand and requirements for aesthetics undergo rampant changes. And to accommodate them, we at JK White Cement have always provided with products that best fit to these ever changing demands.” An increased demand for white cement could be attributed greater importance being placed on the aesthetics of con... |
India: JK Cement quarterly results08 August 2016, Published under Cement NewsCompared to its performance in the corresponding quarter last year, JK Cement Ltd reported significant growth in both net profit and net sales. The company reported a standalone net profit of INR608.5m (US$9.1m)for the quarter ended 30 June 2016, in comparison to just INR10.5m (US$157,275) last year according to a BSE filing made by JK Cement. The company’s net sales increased to INR8.87bn (US$132.8m). JK Cement is the second-largest manufacturer of white cement in India, with a capaci... |
India: JK Cement annual profits down 35.3%31 May 2016, Published under Cement NewsThe Times of India reports that JK Cement’s standalone net profit for 2015-16 was down 35.3 per cent on the previous year to INR1.015bn (US$15.1m). Quarterly profits for the period ending 31 March 2016 were up slightly YoY at INR705.6m (US$10.5m). Like most Indian producers, JK Cement’s performance appears to have suffered from negative pricing pressures. Revenues were up for both the year and the final quarter, implying higher volumes than for 2014-15, but despite this profits suffered. ... |
India: Cement stocks rise as demand recovers14 April 2016, Published under Cement NewsIndian cement manufacturers are set to continue the strong performance which has seen their stocks outperform the BSE Sensex by a factor of ten over the past month. In this period, the Economic Times reports, India Cements’ shares are up 23 per cent, ACC is up 18 per cent, JK Cement and JK Lakshmi Cement are up 16 per cent, Ramco Cements is up 14 per cent and Ambuja Cements is up 12 per cent. The market as a whole, as tracked by the Bombay Stock Exchange’s Sensex index, is up just 1.2 per... |
JK Cement resumes production at Karnataka unit, India10 February 2016, Published under Cement NewsJK Cement has resumed production at its 3Mta facility in Baglakot, Karnataka, after operations were temporarily halted when the roof of a clinker silo caved in. "Production of clinker and cement has resumed with operation of the kiln by making an alternate arrangement using two RBC belts for feeding the clinker directly to the cement mill," JK Cement said in a filing to the Bombay Stock Exchange. Operations had been temporarily suspended on 27 January 2016 due to the incident. The company... |
JK Cement starts commercial production at Rajasthan unit02 October 2014, Published under Cement NewsJK Cement has commenced production and dispatch of cement from its new cement manufacturing facilities at JK Cement Works, Mangrol, Chittorgarh district, in the state of Rajasthan. In a filing to the Bombay Stock Exchange the company said the new facility has a cement capacity of 1.5Mta. JK Cement is one of the largest cement manufacturers in north India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and ... |
JK Cement starts commercial production from Jharli grinding unit, India01 July 2014, Published under Cement NewsJK Cement has started commercial production from its split-grinding unit at Jharli in the northern Indian state of Haryana. The 1.5Mta plant will source its raw material from both internal and external sources such as fly ash from NTPC power plant and clinker from JK Cement’s Nimbahera and Mangrol units. The new facility will help the company serve major markets like Delhi, Haryana and Punjab “more effectively and logistically,” according to a statement posted on the company’s website. |
India: local tax on coal mines to hit cement firms24 March 2014, Published under Cement NewsIndia's coal ministry has tabled a proposal that cement, steel and sponge iron companies that have captive coal mines have an undue advantage, and this could be offset with a new tax. The rationale behind the coal ministry's proposed increase in taxes on cement and steel companies that own coal mines is that, while they are insulated from the market vagaries as far as this key input is concerned, their output prices are market determined, leading to an undue advantage. The exact amount of ... |
JK Cement expands capacity to support sales volume30 September 2013, Published under Cement NewsJK Cement is increasing capacity by 3Mta through two split-grinding units of 1.5Mta each in Haryana and Rajasthan in the northern region, lifting its grey cement capacity to 10.5Mta. The projects are expected to be completed by June 2014 and should help in realising higher volumes. At present, 2QFY14 results are expected to be subdued due to lower volumes and cement prices. Grey cement volumes are forecast to decline 10 per cent as the company’s southern plant noted a 30 per cent drop in ... |