Cement News tagged under: JK Cement Ltd
JK Cement to raise INR6bn for capacity expansion27 December 2018, Published under Cement NewsJK Cement Ltd on Monday launched a qualified institutional placement offering (QIP) to raise funds from institutional investors for its capital expenditure. The company is seeking to raise INR6bn (USD85.39m) to fund the expansion of grinding capacity at its Mangrol and Nimbahera plants by 1Mta each, according to the Hindustan Times. The company will also increase the existing clinker capacity at Mangrol by 2.48Mta, with surplus clinker to serve two new split grinding units to be construc... |
JK Cement opts for fresh investment08 December 2017, Published under Cement NewsThis week Indian cement producer JK Cement Ltd announced that it would be expanding its cement production capacity to reach 18Mta by 2022 from 11.1Mta today. Key steps in this initiative are the expansion of the Mangrol cement works in Rajasthan by 3Mta and the construction of a new integrated plant at Panna, Madhya Pradesh. Underlying the investment decision is primarily the anticipated rise in cement demand in Rajasthan. "Now, projects like smart cities, Sagarmala and housing for all a... |
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