JK Lakshmi reports 62% rise in standalone net profit
JK Lakshmi Cement reported a 62.3 per cent YoY rise in standalone net profit to INR338.4m (US$4.99m) in the 4Q18. The company’s total income saw a slight decrease of 0.8 per cen...
Jk Lakshmi Cement
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Indian cement companies expected to raise prices
Indian cement companies are expected to raise cement prices in reaction to the recent ban on petcoke and furnace oil, which came into effect in Uttar Pradesh, Haryana and Rajast...
JK Lakshmi Cement's reports 18% rise in 2Q revenue
JK Lakshmi Cement reported a net profit of INR132m (US$2m) for the 2QFY17 period ended 30 September, a fall from INR249m of the year-ago period. However, the company also posted...
India: five cement producers to appeal the CCI order
Five of the seven cement companies which were fined by the Competition Commission of India (CCI) in January, for alleged bid rigging of a 2012 tender put out by the Haryana gove...
India: Seven cement firms fined for bid-rigging
The Competition Commission of India (CCI) has imposed fines totalling more than INR2bn (US$30m) on seven cement firms it found guilty of colluding in their responses to a 2012 t...
India: JK Lakshmi approves raising INR5bn
A JK Lakshmi Cement board meeting held on 26 October approved the raising of INR5bn (US$74.7m) through the issuance of non-convertible debentures (NCDs) on private placement bas...
India: JK Lakshmi to expand Rajasthan mine
JK Lakshmi Cement has received environmental clearance for expansion of its limestone mine output in Rajasthan, entailing an investment of INR1.20bn (US$17.94m). The mined limes...
India: Lakshmi Cement gets green light to expand Sirohi limestone mine
Lakshmi Cement has been given environmental clearance to expand its opencast limestone mine in the Sirohi district of Rajasthan. Under the proposals, the mine’s capacity will be...
India: JK Lakshmi Cement 4Q net profit soars
JK Lakshmi Cement’s net profit soared in the quarter ended 31 March 2016 from INR60.5m (US$ 0.90m) to INR483.8m YoY. Total 4Q revenues of the company jumped 27 per cent from INR...
India: Cement stocks rise as demand recovers
Indian cement manufacturers are set to continue the strong performance which has seen their stocks outperform the BSE Sensex by a factor of ten over the past month. In this peri...