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

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