J-K govt to set up new cement plant in Pulwama

Jammu and Kashmir government will set up a cement plant with 1000 tonnes per day capacity with the aim of capturing local market share for the cement.
"The Government today decided to set up one more 1000 tonnes per day cement plant in public sector over 12 hectares at the existing J&K Cements plant at Khrew in Pulwama," an official spokesman said.
He said the decision to this effect was taken at the 97th meeting of the Board of Directors of Jammu and Kashmir Cements Limited presided over by the Minister of State for Industries and Commerce Sajad Ahmad Kichloo.

The spokesman said the new cement plant at Khrew will fill the gap in demand and supply of cement in the local market.
According to preliminary survey, the requirement of cement in the state is about 30 lakh tonnes per year, against the installed capacity of about 15 lakh tonnes annually with an average growth rate of 10 per cent per annum which clearly indicates that installation of additional cement plant would be a feasible venture, the spokesman said.
He said the Board also approved the proposals for various schemes of diversification and expansion so that the company gains strength in the private market and also adopts diversification mode.

The Board also approved enhancement in the gratuity ceiling from existing Rs 3.50 lakh to Rs 10.00 lakh for the employees of the company.