JK Cement rallies 6% as Gujarat unit commences commercial dispatches

Going ahead, JK Cement plans to increase grey cement capacity through a Greenfield plant at Panna, MP, where it has limestone mines

Shares of JK Cement hit a record high of Rs 1,680, up 6 per cent on the BSE in intra-day trade on Friday, after the company commenced the commercial dispatches from its Gujarat unit.

“The Company has successfully commissioned 0.7 million tonne per annum (MnTPA) grey cement grinding capacity at J K Cement works, Balasinor, Gujrat, unit of J K Cement and also commenced commercial dispatches today i.e. 8th October, 2020,” JK Cement said in a regulatory filing on Thursday after market hours.

With this the Company has successfully completed its grey cement capacity expansion of 4.2 MnTPA