Explore Business Standard
JK Cement
Leading Indian companies like Tata Steel have joined hands with Swedish technology innovators to launch seven projects to drive decarbonisation in the domestic steel and cement sectors. As India advances towards its 2070 net-zero target, reducing emissions from these hard-to-abate sectors will be essential to support the country's infrastructure development, industrial growth, and long-term climate ambitions, a press statement has said. The projects include using hydrogen in rotary kilns for steelmaking, recycling steel slag to produce green cement, and deploying AI to support cement decarbonisation. Seven innovative projects have been selected to conduct pre-pilot feasibility studies in India under the Lead IT industry transition partnership, with funding from the Department of Science and Technology, Government of India and the Swedish Energy Agency, the statement said. Leading Indian and global companies, research institutes, and technology innovators are driving these seven ...
JK Cement Ltd on Saturday reported an increase of 17 per cent in consolidated net profit to Rs 159.25 crore for the September quarter. The company had posted a profit of Rs 136.15 crore in the July-September period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL). Its revenue from operations was up 17.9 per cent at Rs 3,019.20 crore in the September quarter. It was at Rs 2,560.12 crore in the corresponding period a year ago. JKCL's total expenses were at Rs 2,827.36 crore, up 11 per cent in the September quarter. The total income of JKCL, which includes other income, was at Rs 3,070.08 crore, up 18.17 per cent in the September quarter. JKCL has a grey cement capacity of 26.26 MTPA.
JK Cement Ltd on Monday said its board has approved investments worth Rs 4,805 crore for greenfield expansion of a new cement line of 7 million tonnes per annum (MnTPA). This includes a clinkerisation unit of 4 MnTPA and cement grinding of 3 MnTPA at Jaisalmer, Rajasthan, and two split grinding units, each of 2 MnTPA capacity, in Rajasthan and in Punjab, according to a regulatory filing from the JK Organisation group firm. "The total proposed investment for the expansion is estimated at Rs 4,805 crores," it added. Earlier this year, JK Cement had completed the acquisition of majority stake in Jammu & Kashmir-based Saifco Cements. The company's grey cement capacity is 25.2 MTPA. It is also a leading global manufacturer of white cement, with a total white cement capacity of 1.12 MnTPA in India, and a wall putty capacity of 1.33 MnTPA.
JK Lakshmi Cement Ltd has reported over twofold increase in consolidated net profit at Rs 149.88 crore for the June quarter of 2025-26 financial year. The company, which completed the merger of subsidiary Udaipur Cement Works, had posted a profit of Rs 56.68 crore in the April-June period a year ago, according to a regulatory filing from JK Lakshmi Cement Ltd (JKLC), a flagship company of JK Organisation. Total income was up 11.8 per cent at Rs 1,763.14 crore in the June quarter, helped by volume gains. It was at Rs 1,576.96 crore in the corresponding quarter. Chairperson & Managing Director Vinita Singhania said, profitability of the company improved on account of higher volume, better product & market mix and reduction in fuel cost." JK Lakshmi Cement's sales volume in the June quarter was at 3,326 lakh tonne, up nearly 10 per cent year-on-year. Total expenses of JK Lakshmi Cement were at Rs 1,559.26 crore, up 6.68 per cent from the year-ago period. The company said the ...
JK Cement Ltd on Saturday reported a 75.4 per cent increase in its consolidated net profit to Rs 324.25 crore for the June quarter of 2025-26 compared to Rs 184.82 crore in the April-June period a year ago. Its revenue from operations rose by 19.4 per cent to Rs 3,352.53 crore in the June quarter compared to Rs 2,807.57 crore in the corresponding period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL). Total expenses were at Rs 2,919.83 crore, up 13.2 per cent in the June quarter. The total income of JKCL, which includes other income, was at Rs 3,408.97 crore, up 19.5 per cent in the June quarter. Meanwhile, in a separate filing, JKCL said its board in a meeting held on Saturday approved the company's expansion by setting up of 0.6 million tonnes per annum (MTPA) white cement-based wall putty plant near Nathdwara, District Rajasmand of Rajasthan. "The total proposed investment for the expansion is estimated at Rs 195 crore," it said. The board also took note
JK Cement has completed the acquisition of a majority 60 per cent stake in Jammu & Kashmir-based Saifco Cements for Rs 150 crore, formalising a joint venture with the company. This makes the JK Organisation group firm as the first major cement manufacturer to set up manufacturing operations in Srinagar, signalling a step towards regional economic empowerment, according to a joint statement. As per the shareholders' agreement between the company and its promoters, JK Cement will acquire management control and hold 60 per cent of the paid-up capital of Saifco. "The investment of Rs 149.81 crore would be paid to the existing promoters of Saifco and also to Saifco for acquisition of 60 per cent equity capital of Saifco," it said. Following this, Saifco Cements has become a subsidiary of JK Cement with immediate effect. Moreover, the "board of the Saifco shall be re-constituted and three persons nominated by the company will be appointed as additional directors on the board of Saifco .