Cement News tagged under: JK Lakshmi

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JK Lakshmi reports 41% fall in net profit

15 November 2018, Published under Cement News

India’s JK Lakshmi Cement has reported a 41 per cent YoY fall in net profit for the 2QFY18-19 ended 30 September, to INR78.1m (US$1.08m) from INR132.3m. However, total income rose 9.2 per cent to INR8.66bn, compared to INR7.93bn of the year-ago period. The company also recorded production and sales growth of 13 per cent in the second quarter. 

JK Lakshmi to rehabilitate Udaipur Cement unit, India

03 June 2013, Published under Cement News

JK Lakshmi is in the process of revamping a unit belonging to Udaipur Cement, as part of the company's move to increase capacity. “We are in the process of taking over a 1.3Mt unit. More than INR100 crore has been invested [in the unit]” Shailendra Chouksey, Whole-time Director, told Business Line. In November 2003, Udaipur Cement was referred to the Board for Industrial and Financial Reconstruction (BIFR), a central government agency whose objective is to determine the health of industri...

India: JK Lakshmi hit by slower demand, higher costs

18 February 2013, Published under Cement News

JK Lakshmi has reported subdued performance for the third quarter of the current fiscal year due to high freight costs and flat growth in dispatches. Profits declined by 16 per cent to INR41 crore YoY in the quarter ending December 2012 and lower construction activity led to a 2.7 per cent increase in dispatches. Rising diesel and freight costs also negatively affected results and, due to lower demand, the company was unable to pass on costs to consumers. JK Lakshmi, which operates...

JK Lakshmi to commission new grinding unit, India

26 March 2012, Published under Cement News

JK Lakshmi will commission a new 500,000tpd clinker grinding unit at Jharli in the next 2-3 days, managing director Vinita Singhania, said. The new plant will help the company lower its transportation costs as it currently caters to this key market from its main plant in Rajasthan.  The Delhi-based company spent INR1bn raised through internal accruals and debt over the last 18 months to set up the unit, Mr Singhania said. Production at the facility will gradually be increased to reach...

India: caught in a down-cycle

06 December 2011, Published under Cement News

These are important times for the Indian cement sector as the country’s cement producers see cement sales dip and energy costs squeeze margins. New capacity projects are being delayed as the oversupply situation becomes more apparent and under the current circumstances the industry may have to wait longer than anticipated for a much needed upturn. An overview of key developments in the Indian cement sector ahead of the NCB’s 12th International Seminar on Cement and Building Materia...