Cement News tagged under: JK Cement
JK Cement sees continued revenue growth25 January 2024, Published under Cement NewsJK Cement has reported total income of INR28,199m (US$339.12m) in the three months ended 31 December 2023. This compares to INR25,984m in the previous quarter and INR23,581m in the same quarter a year earlier. Profit after tax in the December 2023 quarter came in at INR2894.6m, up from INR1789.2m in the previous quarter and INR576m in the same quarter in 2022. Meanwhile, earnings per share advanced from INR7.46 in the quarter ended 31 December 2022 to INR23.16 in the quarter ended 30 Se... |
JK Cement announces passing of Jitendra Singh14 November 2023, Published under Cement NewsIndia’s JK Cement has announced the sudden passing of Jitendra Singh, its former chief information officer (CIO). Mr Singh suffered a heart attack on 12 November 2023, aged 56. “We are deeply saddened in sharing the news of the sad demise of our former Chief Digital Officer Mr Jitendra Singh who took his last breath at Meerut on November 12, 2023. He had a cardiac arrest. May God give him eternal rest and family the strength to bear the great pain. His last rites shall be performed in... |
JK Cement reports uptick in revenue07 November 2023, Published under Cement NewsJK Cement Ltd has posted total revenue of INR25,984m (US$312.3m) in the three months ended 30 September 2023. This compares to INR21,584m in the same period a year earlier. Profit after tax for the September 2023 quarter came in at INR1789m, up from INR1257m in the same quarter in 2022. Basic and diluted earnings per share over the same period advanced from INR16.15 to INR23.16. Meanwhile, total expenses expanded from INR19,912m to INR23,527m, driven by increases in the cost of materia... |
JK Cement's Aligarh plant boosts renewable energy21 August 2023, Published under Cement NewsAmpln Energy Transition, an energy transition platform, has begun supplying 10MWp of solar power from its 30MWp solar plant in Mishrikh, Uttar Pradesh, India, to JK Cement’s Aligarh plant. The move takes JK Cement’s renewable energy replacement at the Aligarh works to over 60 per cent of the overall energy mix, saving more than 10,780t of CO 2 each year. According to the cement producer, this marks a “significant milestone in our journey towards reducing CO 2 emissions and driving the tra... |
JK Cement agreement to purchase Toshali Cements08 June 2023, Published under Cement NewsJK Cement has seen its shares rise after agreeing in principle a share purchase agreement for Toshali Cements for INR1570m (US$19m). The Board of Directors in its meeting has accorded in-principle approval to sign/execute a share purchase agreement with the shareholders and also with Toshali Cements Pvt Ltd (Toshali) for the acquisition of 100 per cnet equity shareholding from all the existing shareholders of Toshali," the company said in an exchange filing. Toshali Cement at present h... |
JK Cement opts for OutSystems digitalisation platform24 May 2023, Published under Cement NewsJK Cement Ltd has adopted SYSTEME IO’s OutSystems high-performance, low-code technology as part of its strategy to digitally transform the way applications are developed and managed across the organisation. The company plans to build applications to transform sales management, land assets management and loyalty management processes. It is also looking at redefining the experience of its customers, employees and partners by building unique experiences on the OutSystems platform, the com... |
India adds 7Mta as expansion plans continue24 April 2023, Published under Cement NewsIndia’s cement producers have added around 7Mta of cement production capacity in the last few weeks alone as their expansion plans continue. According to Argus Media, UltraTech Cement has added 2.2Mta at its Bihar unit, raising its total cement production capacity to 129.15Mta as part of plans to reach 200Mta by 2030. Dalmia Bharat Cement plans to add 12Mta by 2024 with the ultimate aim of reaching 110-130Mta by 2031. The company recently added 2.5Mta, taking its total capacity to 4... |
JK Cement boosts capacity by 2Mta30 March 2023, Published under Cement NewsIndia's JK Cement has increased its cement production capacity by 2Mta. Its integrated Mangrol plant has expanded its capacity by 0.5Mta from 3.25Mta to 3.75Mta, while its integrated Muddapur works has increased its capacity from 3Mta to 3.5Mta. Its grinding unit at Jharli has seen its capacity advance from 1.5Mta to 2Mta, and the company’s Aligarh grinding plant has added 0.5Mta, taking its capacity from 1.5Mta to 2Mta. These expansions form part of a proposed 5.5Mta expansion p... |
JK Cement reports revenue rise06 February 2023, Published under Cement NewsJK Cement Ltd reported total revenue of INR23,097.8m (US$279.5m) in the quarter ended 31 December 2022. This compares to INR21,646m in the previous quarter and INR19,667.8m in the same period a year earlier. Profit after tax in the December 2022 quarter came in at INR965.7m, down from INR1248.4m in the previous quarter and a significant fall from the INR1673.4m recorded in the December 2021 quarter. Among the costs that have risen during 2022 are power and fuel, which advanced from INR4... |
Indian Prayagraj region to become cement hub02 January 2023, Published under Cement NewsIndia’s Prayagraj region in Uttar Pradesh is set to become a cement production hub. In addition to its two existing cement plants – the 6.6Mta Sadwa works of Jaypee Group and the 2Mta Bara unit of UltraTech Cement – three further cement plants have been announced. JK Cement, KJS Cement and Eco Cement have started the process of building plants in the Trans-Yamuna region of Prayagraj. JK Cement has signed a Memorandum with Uttar Pradesh State Industrial Development Authority (UPSI... |