Cement News tagged under: JK Lakshmi Cement
JK Lakshmi commissions Chattisgarh works, India29 December 2014, Published under Cement NewsJK 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 note26 May 2014, Published under Cement NewsJK 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 growth01 May 2014, Published under Cement NewsJK 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, India29 October 2012, Published under Cement NewsJK 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, India17 May 2012, Published under Cement NewsJK 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 zoom14 February 2012, Published under Cement NewsJK 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, India08 February 2012, Published under Cement NewsJK 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 ... |