Cement News tagged under: JK Lakshmi Cement

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JSW and JK Lakshmi reportedly among shortlist for Reliance cement assets

26 November 2015, Published under Cement News

JSW Cement Ltd and JK Lakshmi Cement Ltd are among seven bidders shortlisted for Reliance Infrastructure Ltd’s 5.5Mta cement assets, an official directly involved in the deal has disclosed to local press. On 5 November Reliance said it had shortlisted seven potential buyers who submitted preliminary expressions of interest to buy its cement business. JSW Cement, JK Lakshmi Cement and a few private equity firms are among the seven shortlisted bidders, the official cited above said...

JK Lakshmi Cement receives environmental clearance for Bihar project, India

19 October 2015, Published under Cement News

JK Lakshmi Cement has been granted environmental clearance to set up a 1.5Mta grinding plant in the east Indian state of Bihar. The project, to be located in Kishanganj district, also involves the production of 1000m3 per day of autoclaved aerated concrete blocks and a 10MW diesel generator (DG) set. "Based on the recommendations of the Expert Appraisal Committee, the Environment Ministry has given the environment clearance [EC] to J K Lakshmi Cement's proposed project in Bihar," the Econo...

India: production begins at JK Lakshmi's Durg plant

22 January 2015, Published under Cement News

JK Lakshmi Cement has started production of its 2.7Mta cement works in Durg, Chattisgarh state, central India. The greenfield works, which will manufacture various types of cement including OPC, PPC and slag cement, began production earlier this week, according to a company statement.  The new plant boosts JK Lakshmi’s total installed capacity to 9.3Mta. The start-up of the Durg plant is in line with Prime Minister Narendra Modi’s "Make in India" initiative to boost economy and growth of ...

JK Lakshmi commissions Chattisgarh works, India

29 December 2014, Published under Cement News

JK Lakshmi Cement has commissioned its cement plant in Chhattisgarh and is now looking to serve eastern Indian states from the 3.5Mta works. The integrated plant, situated in Durg, was commissioned on 15 December.Aside from sales to the Chhatisgarh market, the company's 'Proplus' cement will be targetted at the Odisha, Bihar, Jharkhand and West Bengal regions. Cement will be sold at INR285-290/bag, a company source told Cogencis news. Going forward, JK Lakshmi Cement  is looking to constru...

JK Lakshmi ends FY13-14 on a strong note

26 May 2014, Published under Cement News

JK Lakshmi cement reported a 59 per cent increase in net profit for the final quarter of FY13-14 and anticipates a brighter outlook for the domestic market through the year. The Indian-based producer said net profit for the three months to the end of March 2014 rose to INR52.91 crore compared to INR33.34 crore in the same quarter of the previous year. "The net profit has gone up by 59 per cent during the January-March quarter on three things:  higher volume, better efficiency of the p...

JK Lakshmi explores further avenues of growth

01 May 2014, Published under Cement News

JK Lakshmi Cement, part of the HS Singhania Group, is looking to lift capacity to around 20Mta over the next five years after its latest round of expansion is complete. By end-March 2016, the company will have a total cement manufacturing capacity of 11Mta with units  across Durg in Chhattisgarh, Sirohi in Rajasthan and grinding facilities in Kalol (Gujarat) and in Jharli (Haryana). Speaking to the Economic Times, JK Lakshmi Cement wholetime director Shailendra Chouksey said: "We plan to l...

JK Lakshmi to revive Udaipur operations, India

29 October 2012, Published under Cement News

JK Lakshmi Cements plans to restore operations at its Udaipur cement plants as part of its efforts to double cement capacity in the next two years.  "We will be spending nearly INR350 crore for reviving the operations. This will help us add nearly 1.4Mta to our existing capacity, thus enabling us to cater to the growing demand for cement," JK Lakshmi Whole-time Director Shailendra Chouksey told local press. The revival of the plant is expected be completed by September-October 2014. ...

JK Lakshmi capacity to reach 8.5Mta by end-2013, India

17 May 2012, Published under Cement News

JK Lakshmi Cement Ltd's capacity is expected to rise to 8.5Mt by end-2013 from 4.7Mt currently, Whole-time Director Shailendra Chouksey said at a conference organised to announce the company's Jan-Mar earnings.     The Rajasthan-based company reported Jan-Mar net profit of INR303m, down 5.2% YoY. Net sales for the March quarter rose 27.8% to INR5.26bn.     JK Lakshmi Cement commissioned its 0.6Mt grinding unit in Haryana in April and is expanding capacity of its existing kilns in Raja...

India: JK Lakshmi Cement 3Q profits zoom

14 February 2012, Published under Cement News

JK Lakshmi Cement posted a net profit of INR492.4m (US$9.99m) for the quarter ended 31 December 2011 as compared to net profit of INR46m  (US$0.9m) for the same period last year, representing steep rise of 10.7 times. The company’s total income rose from INR3153.3m for the quarter ended 31 December 2010 to INR4388.1m for the quarter ended 31 December 2011, an increase of 39.15%. JK Lakshmi attributed the rise in profitability to a nearly 13% increase in its sales volume. The company’s ...

JK Lakshmi Cement board OKs buyback of shares, India

08 February 2012, Published under Cement News

JK Lakshmi Cement said its board of directors has approved the buyback offer of 13.5m equity shares at a price not exceeding INR70/share for a total consideration of up to INR975m, India Investment News reports. "The Board of Directors of the company at its meeting held on February 7, 2012, inter-alia, have approved the buyback of equity shares up to an amount of INR97.50 crore (INR 975m), at a maximum price of INR70 per equity share ie 1.39 crore equity shares of INR5 each from the open ...