Cement News tagged under: JK Lakshmi
Udaipur Cement Works inaugurates Dabok cement mill19 April 2024, Published under Cement NewsUdaipur Cement Works Ltd (UCWL) , part of JK Lakshmi Cement Ltd , has inaugurated cement mill IV at its Dabok plant in Udaipur, Rajasthan, India. The new mill increases cement capacity at the integrated plant from 2.2Mta to 4.7Mta and is expected to improve efficiency, productivity and product quality. In addition, the mill includes measures to minimise its environmental impact. Shrivats Singhania, UCWL director and CEO, said, “This expansion not only strengthens our position in the cem... |
JK Lakshmi to ramp up capacity to 30Mta by 203014 June 2023, Published under Cement NewsJK Lakshmi Cement has announced plans to invest INR80,000m (US$972m) over a six-year period to increase its cement production capacity to 30Mta. According to Business Line, the investment will be made between 2024 and 2030 to raise capacity primarily through expansions and acquisitions. The company has already begun to acquire land for greenfield opportunities at Nagaur (Rajasthan) in north India and Kutch (Gujarat) in west India. It is also currently expanding capacity at its subsidi... |
JK Lakshmi Cement wins Superbrand accolade08 June 2023, Published under Cement NewsIndia-based JK Lakshmi Cement has been awarded Superbrand status for 2023-24, making it the only brand in the grey cement category to receive this accolade. According to Devdiscourse, the selection process for the award involved a survey of more than 23,000 individuals across India to identify brands that excel in various parameters of building their brand name. JK Lakshmi Cement emerged as a clear winner with an average score of 6.6 putting it in the top 10 per cent of all scores across a... |
JK Lakshmi reports 41% fall in net profit15 November 2018, Published under Cement NewsIndia’s JK Lakshmi Cement has reported a 41 per cent YoY fall in net profit for the 2QFY18-19 ended 30 September, to INR78.1m (US$1.08m) from INR132.3m. However, total income rose 9.2 per cent to INR8.66bn, compared to INR7.93bn of the year-ago period. The company also recorded production and sales growth of 13 per cent in the second quarter. |
JK Lakshmi to rehabilitate Udaipur Cement unit, India03 June 2013, Published under Cement NewsJK 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 industri... |
India: JK Lakshmi hit by slower demand, higher costs18 February 2013, Published under Cement NewsJK Lakshmi has reported subdued performance for the third quarter of the current fiscal year due to high freight costs and flat growth in dispatches. Profits declined by 16 per cent to INR41 crore YoY in the quarter ending December 2012 and lower construction activity led to a 2.7 per cent increase in dispatches. Rising diesel and freight costs also negatively affected results and, due to lower demand, the company was unable to pass on costs to consumers. JK Lakshmi, which operates... |
JK Lakshmi to commission new grinding unit, India26 March 2012, Published under Cement NewsJK Lakshmi will commission a new 500,000tpd clinker grinding unit at Jharli in the next 2-3 days, managing director Vinita Singhania, said. The new plant will help the company lower its transportation costs as it currently caters to this key market from its main plant in Rajasthan. The Delhi-based company spent INR1bn raised through internal accruals and debt over the last 18 months to set up the unit, Mr Singhania said. Production at the facility will gradually be increased to reach... |
India: caught in a down-cycle06 December 2011, Published under Cement NewsThese are important times for the Indian cement sector as the country’s cement producers see cement sales dip and energy costs squeeze margins. New capacity projects are being delayed as the oversupply situation becomes more apparent and under the current circumstances the industry may have to wait longer than anticipated for a much needed upturn. An overview of key developments in the Indian cement sector ahead of the NCB’s 12th International Seminar on Cement and Building Materia... |
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