JK Cement buys grey cement unit
JK Cement Ltd. said late on Saturday it had taken over the assets of Nihon Nirmaan Ltd from lender IDBI Ltd for INR420m.
JK plans to make 300,000-350,000t of grey cement at the unit, which is expected to start operations in the Oct-Dec quarter, it said in a statement.
JK’s current capacity stands at 4Mt of grey cement and 350,000t of white cement. Published under Cement News
