JK Cement to double capacity, India
JK Cement is likely to invest Rs 1,200 crore in the next 3-5 years for doubling its manufacturing capacity of grey cement, which will include setting up of greenfield units in Karnataka and North India.
The capacity of the Karnataka plant would be in the range of 2.5-3Mt whereas investments could be in the range of Rs 600-750 crore.
The company is also exploring possibilities of setting up a grey cement plant in areas close to Delhi with a capacity of 1.5-2Mt which would involve an investment of Rs 400 crore, besides installing a grinding unit to produce flyash cement.
The company plans to enter into some sort of arrangement with the group company Jaykaycem, which has a mining lease at Bagalkot district in Karnataka.
JK Cement, which has two grey cement plants at Nimbahera and Mangrol in Rajasthan, is expanding its grey cement production capacity to 4Mt which would be over by the end of this month.
Under the ongoing expansion, the company`s white cement capacity at the Gotan plant in Rajasthan would increase to 400,000t.
The firm also plans to sell carbon credits for the blended cement product and the waste heat recovery plant and earn about Rs 15 crore per annum from the next fiscal.
[Business Standard] Published under Cement News
