Cement News tagged under: JK Cement

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JK Cement's Aligarh plant boosts renewable energy

21 August 2023, Published under Cement News

Ampln 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 Cements

08 June 2023, Published under Cement News

JK 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 platform

24 May 2023, Published under Cement News

JK 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 continue

24 April 2023, Published under Cement News

India’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 2Mta

30 March 2023, Published under Cement News

India'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 rise

06 February 2023, Published under Cement News

JK 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 hub

02 January 2023, Published under Cement News

India’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...

Groundbreaking at JK Cement's Madhya Pradesh grinding plant

07 December 2022, Published under Cement News

JK Cement has performed a groundbreaking ceremony for its 1.5Mta greenfield grinding unit in Madhya Pradesh’s Ujjain district. Construction and installation activities have commenced with an investment of INR4000m (US$48.5m) Currently, JK Cement has two operating units in the state, a greenfield integrated cement plant at Panna  and a wall putty plant in the district of Katni. The company plans to increase its cement production capacity to 25Mta by FY2024-25 and has developed a roadmap ...

JK Cement begins clinker production at Panna site

05 December 2022, Published under Cement News

JK Cement commenced clinker production at its new site in Panna , Madhya Pradesh, India on 3 December 2022. The new facility has a production capacity of 2.64Mta.

JK Cement records net profit of INR1248m

14 November 2022, Published under Cement News

JK Cement has reported that its standalone net profit declined by 26.1 per cent to INR1248m (US$15.5m) in the 2QFY22-23. This is against INR1688m in the year-ago period, the company said in a regulatory filing. The revenue from operations during the declined by 16.7 per cent during the period. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) was down by 9.8 per cent at INR2967m  from INR3290m in the year ago period. The company has also approved an expansion p...