Cement News tagged under: JK Lakshmi Cement

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Rainwater meets UCWL needs

09 November 2021, Published under Cement News

The awareness of water as an finite resource to be conserved and recycled as much as possible has also been taken into account by the global cement industry for a long time. In India, JK Lakshmi Cement’s subsidiary Udaipur Cement Works Ltd (UCWL) has carried out significant work to make sustainable use of harvested rainwater at its limestone mines in Rajasthan. By Naveen Kumar Sharma and Jitesh Singh Darmwal, Udaipur Cement Works Ltd, India. UCWL Daroli limestone mine pit with harvest...

JK Lakshmi Cement halts production at its Durg plant

05 October 2021, Published under Cement News

India’s JK Lakshmi Cement has suspended production at its 2.7Mta Durg plant in Chhattisgarh, due to a strike called by the state’s Cement Transport Association. Dispatches from the facility, which were substantially reduced from 19 September, have now been completely stopped, according to the company. However, industry-wide negotiations are being held with the state government and the company is hopeful of an amicable solution soon.

Udaipur Cement Works Ltd plans solar investment to reduce its CO2 footprint

04 October 2021, Published under Cement News

Udaipur Cement Works Ltd (UCWL), a subsidiary of JK Lakshmi Cement Ltd, is ensuring its energy security through increasing its share of solar-based electricity in the total energy mix. The company has been sourcing solar power from a 10.1MW power plant at its premises.   During the last two fiscal years, the company consumed about 13,000MWh of green solar power, which mitigated around 10,000t of CO 2 emissions. Furthermore, in line with its Integrated Sustainable Development Policy, t...

JK Lakshmi Cement reports 37% rise in net profit

21 May 2021, Published under Cement News

India’s JK Lakshmi Cement has reported a 37 per cent YoY rise in standalone net profit to INR1.38bn (US$18.99m) for the quarter ending 31 March 2021, compared with INR1.01bn in the year-ago period. Revenue from operations also advanced 24.6 per cent YoY to INR13.22bn, while the EBITDA margin climbed to 20.3 per cent from 19 per cent in the 4QFY19-20. "Despite a hike in the prices of inputs like petcoke, diesel, fly ash and gypsum, JKLC has improved its profitability on account of substantia...

JK Lakshmi Cement's sales rise 19% in Oct-Dec 2020

01 February 2021, Published under Cement News

JK Lakshmi Cement Ltd recorded sales of INR11,928m (US$163.27m) in October to December 2020 compared to INR10,049.5m in October to December 2018, a rise of 19 per cent.  JK Lakshmi Cement’s efforts to raise the product mix and improve efficiency parameters combined with increased demand boosted company profitability.  EBITDA rose to INR2124.6m in October to December 2020 from INR1665.9m in the same period in the prior year, up 28 per cent. profits before tax stood at INR1271.5m in Octo...

JK Lakshmi Cement invests in IoT and automation

15 January 2021, Published under Cement News

JK Laksmi Cement (JKLC) has recently invested in IoT and automation. The company applying IoT for key operations such as managing fleet, supply chain, and even for water conservation. It is also looking to automate its logistics operations and supply with the help of a machine learning-based platform. "We have been using AI engines for optimising manufacturing operations at our cement production plants across the country. This year we are committed to successfully piloting an automation p...

JK Lakshmi Cement sees 87% rise in net profit

05 November 2020, Published under Cement News

India’s JK Lakshmi Cement has seen an 86.9 per cent YoY rise in consolidated net profit to INR929.3m (US$12.5m) for the quarter ending 30 September 2020, compared with INR497.2m in the year-ago period. Revenue from operations also increased 11.8 per cent YoY to INR11.32bn from INR10.12bn in the 2QFY20-21. "The company's concerted efforts to improve efficiencies, better product mix and reduce logistic costs enabled the company to push its profitability up. The softening in petcoke prices ...

JK Lakshmi Cement reports 6% dip in net profit

14 August 2020, Published under Cement News

India’s JK Lakshmi Cement saw a 5.8 per cent YoY decline in consolidated net profit to INR506.3m (US$6.76m) for the June quarter, against INR537.5m in the year-ago period. Revenue from operations also fell 19.8 per cent YoY to INR9.12bn from INR11.36bn in the 1QFY19-20. "Sales volume was severely impacted by lockdown restrictions during most part of the quarter [...] resulting in sales volume plunging by 18 per cent in Apr-June 2020 over Apr-June 2019,” said the company. However, on a ...

JK Lakshmi sees 13% rise in net profit

07 August 2020, Published under Cement News

India’s JK Lakshmi Cement posted a 12.9 per cent increase in net profit to INR446.4m (US$5.96m) for the 1QFY20-21, compared with INR395.4m last year. However, it noted that sales volumes were severely impacted by lockdown restrictions. Sales saw a 21 per cent decline to INR8.25bn from INR10.42bn in the 1QFY19-20. EBITDA was also down 14 per cent YoY to INR1.52bn. The company noted the importance of cost savings in improving its operating margins. "To reduce the power cost, the company ...

JK Lakshmi Cement sees 151% increase in net profit

22 May 2020, Published under Cement News

India’s JK Lakshmi Cement has reported a 150.5 per cent YoY increase in net profit to INR986.3m (US$13.04m) in the final quarter of FY19-20, against INR393.8m in the corresponding quarter of the previous fiscal. However, the company’s revenue from operations was down 11.1 per cent YoY to INR11.37bn from INR12.79bn in the 4QFY18-19. The company has attributed the results to an improved product mix, market optimisation, alongside a reduction in logistic costs and improvements in plant effic...