Cement News tagged under: JK Cement

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JK Cement commissions capacity upgrade at Nimbahera works

30 September 2021, Published under Cement News

India's JK Cement has completed a capacity upgrade project at its Nimbahera works in Chittorgarh, Rajasthan. The clinker capacity of Line 3 has been increased to 6500tpd from 5000tpd, with the works completed and commissioned yesterday.

JK Cement plans 23Mta expansion by end of 2023

03 September 2021, Published under Cement News

JK Cement intends increase production capacity to about 23Mta in the next two years, from 15Mta now, by expanding its footprints in northern and central India. "We will maintain and grow our market share in the short term. Apart from the ongoing expansion in Panna, and now in Hamirpur, we already have plans for another 4Mt expansion," said Madhav Krishna Singhania, JK Cement’s CEO. "We have visibility of reaching around 23Mta by 2023." The company will be expanding its footprint in ...

JK Cement sees surge in consolidated net profit

16 August 2021, Published under Cement News

India’s JK Cement Ltd has reported a 282 per cent surge in consolidated net profit to INR1.9bn (US$25.61m) for the quarter ending 30 June 2021, compared with INR499.4m in the year-ago period. Revenue from operations was also up 70.6 per cent YoY to INR17.14bn from INR10.05bn. Overall cement volumes climbed 71 per cent YoY to 3.02Mt, with grey cement (including clinker) at 2.76Mt.

JK Cement launches new brand identity

06 July 2021, Published under Cement News

JK Cement has launched a contemporary and forward-looking corporate brand identity. The new avatar of JK Cement was officially unveiled at a virtual event by Dr Raghavpat Singhania, managing director, JK Cement, Madhavrishna Singhania, deputy managing director and chief executive officer, JK Cement, and  AK Saraogi, deputy managing director and chief finance officer, JK Cement. "Our new corporate identity is inspired by Shri Yadupati Singhaniaji’s vision, values and legacy. It is his v...

JK Cement aims for 10% revenue growth in FY22

05 July 2021, Published under Cement News

India’s JK Cement is targeting up to 10 per cent revenue growth in the FY21-22, due to a push for more infrastructure projects and pent-up demand, according to The Mint. Alongside these growth projections, the company is looking to complete its Panna expansion project in 2022, which was delayed due to the pandemic. The project is expected to take the company to a capacity of 20Mta, with further expansions planned to take it to 25Mta over the next five years.

JK Cement reports 39% rise in revenue

14 June 2021, Published under Cement News

India’s JK Cement has reported a standalone net profit of INR633.4m (US$8.65m) for the quarter ending 31 March 2021, compared to INR2.3m in the year-ago period. Net revenue also advanced 38.9 per cent YoY to INR20.52bn from INR14.77bn in the 4QFY19-20. The company’s operating profit reached INR4.39bn, up 26.8 per cent from INR3.46bn in the same period of the previous fiscal.

JK White Cement’s journey of continual improvement

06 April 2021, Published under Cement News

Producing white clinker and white cement requires the right raw materials, proper homogenisation, the right fuel and optimal plant process conditions. The JK White Cement plant in Gotan, India, is committed to maintaining stringent quality parameters batch after batch thanks to its journey of continual improvement. By Niranjan Mishra, JK White Cement, India. JK White Cement plant, Gotan, India JK White Cement, a division of JK Cement Ltd, enjoys a presence in India and is the co...

JK Cement sees net profit surge 106%

11 November 2020, Published under Cement News

India’s JK Cement has reported a 105.5 per cent YoY rise in standalone net profit to INR2.24bn (US$30.1m) for the quarter ending 30 September 2020, compared to INR1.09bn in the year-ago period. Net revenue also advanced 23.6 per cent to INR15.51bn from INR12.54bn in the 2QFY19-20. The company’s operating profit climbed 61.7 per cent YoY to INR4.12bn from INR2.54bn.

JK Cement commissions 0.7Mta Gujarat unit

09 October 2020, Published under Cement News

India’s JK Cement has commissioned and begun commercial dispatches from its new Gujarat unit. "The company has successfully commissioned 0.7Mta of grey cement grinding capacity at JK Cement works, Balasinor, Gujrat, unit of JK Cement and also commenced commercial dispatches today, ie 8 October 2020," said the company. The company has now completed its planned 4.2Mta grey cement capacity expansion from its units in Rajasthan (2Mta), Uttar Pradesh (1.5Mta) and Gujarat (0.7Mta).

JK Cement estimates cement sales volumes for 1QFY21

04 August 2020, Published under Cement News

India’s JK Cement has estimated that its grey cement sales dropped 20 per cent YoY during the first quarter of FY20-21, compared to the corresponding period of the previous fiscal. However, the company noted that sales volumes are picking up gradually. Elsewhere, its white cement business saw a 50 per cent drop in sales during the 1QFY20-21, according to India Infoline. Capital expenditure during the current financial year is expected to be limited to INR7bn (US$93.27m).