Cement News tagged under: JK Cement

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Indian cement manufacturers take precautions against COVID-19

25 March 2020, Published under Cement News

India’s cement manufacturers are taking precautions against the spread of COVID-19. JK Cement Ltd is working with a reduced workforce, maximising video-conferencing and minimising contact. As a result of government policy, it has also announced which of its plants will now suspend production. JK Cement facilities at Nimbahera and Mangrol, both situated in Chittorgarh, Rajasthan, will close. Elsewhere, units at Gotan (Nagaur, Rajasthan), Jharli, (Jhajjar, Haryana), Katni (Madhya Pradesh) a...

Indian cement producers expect higher-sulphur petcoke import in 2020

20 February 2020, Published under Cement News

India’s cement sector is expected to increase its imports of high-sulphur petcoke in 2020 as it aims to boost production, according to company executives. Indian use of petcoke as an alternative to coal for the cement industry rose marginally in 2019 after a first-time decline in nearly a decade in 2018. Sanjay Kumar, strategic sourcing director at LafargeHolcim Energy Solutions, said he saw "higher imports of petcoke in 2020". Yagyesh Gupta, chief procurement officer at JK Cement, also s...

JK Cement commissions 2.5Mta of grinding capacity

04 February 2020, Published under Cement News

India's JK Cement has announced the successful commissioning of 1Mta of grey cement grinding capacity in Mangrol, Rajasthan, and 1.5Mta of the same in Aligarh, Uttar Pradesh. The company began commercial dispatches from the units on Monday, 3 February. Elsewhere, it has noted that the 0.7Mta split grinding unit project in Balasinor, Gujarat, is in an advanced stage of completion.

JK Cement’s Satha line expected to be ready in December

07 November 2019, Published under Cement News

India-based JK Cement is setting up a clinker grinding unit in Satha village, Aligarh district, Uttar Pradesh. The INR2.664bn (US$37.6m) project will have a capacity of 2Mta and will be built on a 6.83ha plot. Equipment will be supplied by FLSmidth. Following receipt of environmental clearance, civil work has been completed and equipment installation is currently in progress.. Completion is scheduled for December 2019. In addition, the company has commissioned its grey clinker productio...

JK Cement reports 212% increase in net profit

05 August 2019, Published under Cement News

India’s JK Cement has reported a 211.8 per cent YoY increase in standalone net profit for the quarter ending 30 June, rising to INR1.53bn (US$21.86m) from INR493.2m. Net revenue of the company rose 19 per cent to INR132.7bn from INR111.5bn. During the April-June quarter, operating expenses advanced 6.1 per cent to INR102.4bn from INR9.65bn. However, operating profit surged 102 per cent to INR30.3bn, compared with INR1.5bn in the year-ago period.

JK Cement sees 55% rise in 4Q net profit

20 May 2019, Published under Cement News

India-based JK Cement reported a 55 per cent rise in net profit to INR1.5bn (US$21.5m) for the fourth quarter ended March 2019 when compared with INR960m in the 4QFY17-18. The company’s total revenues rose from INR13.16bn in the 4QFY17-18 to INR14.92bn in the final three months of the 2018-19 financial year. However, JK Cement’s net profit declined to INR3.25bn in the FY18-19, down five per cent when compared with INR3.41bn in FY17-18.

JK Cement announces two grinding projects

22 February 2019, Published under Cement News

India's JK Cement is expected to invest around INR4.5bn (US$63.24m) to set up two cement grinding units. Approximately INR2.5bn will be spent on a 0.7Mta unit in Balasinor, Gujarat, while the remaining amount will be invested in a facility in Aligarh, Uttar Pradesh.

JK Cement reports a 16.5% fall in net profit

04 February 2019, Published under Cement News

India’s JK Cement has reported a 16.5 per cent fall in standalone net profit to INR609.1m (US$8.49m) in the third quarter of FY18-19, compared with INR729.3m of the year-ago period. However, net sales were up 13.1 per cent to INR12.73bn from INR11.26bn. EBITDA also increased 13.9 per cent to INR2.22bn in the 3QFY18-19, compared to INR1.95bn of the previous year.

The World Cement Association welcomes JK Cement

12 September 2018, Published under Cement News

JK Cement has joined the World cement Association (WCA) as a corporate member. The indian cement producer has 10.5Mta of grey cement capacity and 1.2Mta of white cement capacity with one plant in UAE. Norman Greig, Secretary General of the WCA said: "India's infrastructure is expanding rapidly, and the cement industry is playing an important role in fulfilling the country's demand. We are delighted to welcome a leading member of the thriving Indian cement community and look forward to worki...

JK Cement doubles net profit to INR964.5m

15 May 2018, Published under Cement News

JK Cement's net profit more than doubled to INR964.5m (US$14.2m) for the fourth quarter ended March 2018. The company had posted a net profit of INR425.7m in the same quarter of the previous fiscal. The cement producer's total revenue during the quarter under review stood at INR13.69bn, up from INR12.55bn in the year-ago period. In the quarter under review, JK Cement reported tax expenses of INR265.3m as against INR745.8m in the corresponding quarter a year ago. For the fiscal year...