Cement News tagged under: JK Cement
JK Cement reports 39% rise in revenue14 June 2021, Published under Cement NewsIndia’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 improvement06 April 2021, Published under Cement NewsProducing 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 NewsIndia’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 unit09 October 2020, Published under Cement NewsIndia’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 1QFY2104 August 2020, Published under Cement NewsIndia’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). |
JK Cement reports 4Q results and receives approval to raise INR2.5bn18 June 2020, Published under Cement NewsIndia’s JK Cement has reported a 99.9 per cent decline in net profit to INR2.3m (US$30,194) in the final quarter of FY19-20, compared with INR1.5bn in the year-ago period. Net revenue edged up to INR14.78bn from INR104.71bn in the 4QFY18-19. Operating expenses dropped 6.7 per cent YoY to INR11.31bn from INR12.12bn. The company has also received approval to raise funds through the issuance of secured non-convertible debentures in one or more tranches for an amount up to INR2.50bn, within t... |
JK Cement receives permission to restart operations28 April 2020, Published under Cement NewsIndia’s JK Cement has received permission from the relevant authorities to commence operations at its Rajasthan, Madhya Pradesh and Haryana sites, alongside work at its new project in Gujarat. As a result, operations have partially resumed or are being resumed after starting all necessary safety measures for staff, said the company. |
Indian manufacturers prepare to resume production21 April 2020, Published under Cement NewsIndia’s ACC, India Cements, JK Lakshmi and JK Cement are looking to resume cement production in a phased manner from 20 April, while also abiding by all standard operating procedure guidelines related to social distancing. In new guidelines issued on 15 April, the Indian government has allowed industrial units located in rural areas to operate from 20 April. "We would like to inform that the company shall resume operations, from 20 April 2020, in a phased manner, subject to requisite p... |
Indian cement manufacturers take precautions against COVID-1925 March 2020, Published under Cement NewsIndia’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 202020 February 2020, Published under Cement NewsIndia’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... |