J K Cement provides business update

Clinker extraction and cement production has been temporarily stopped at Baglakot unit

J K Cement announced that at the Company's 3 MnTPA grey cement manufacturing unit viz. J.K.Cement Works, Muddapur, Taluka Mudhol, Dist: Baglakot, Karnataka the clinker silo roof suddenly caved-in causing support structural steel and clinker conveying Deep Bucket conveyor drive station falling into the Silo. For safety and to avoid collateral damage, the clinker extraction and cement production has been temporarily stopped.

Production and despatch is being resumed at the earliest after taking out debris from clinker silo top. However, cement available in depot(s) will serve the market. Alternate arrangement for operation of Kiln is being initiated which is expected to normalise the clinker and cement production within 15 days from this unit. However, restoration of clinker silo is expected to take six months time. The actual loss is being assessed by the experts and necessary insurance claim is being lodged.

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