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Construction : Cover Story | October 2016 | Source : CW-India

Winners - JK Cement

JK Cement is an affiliate of the multi-disciplinary industrial conglomerate JK Organisation. The company has over four decades of experience in cement manufacturing. JK Cement┬┤s operations commenced with commercial production at the first grey cement plant at Nimbahera in Rajasthan in May 1975. Subsequently, the company also set up two more units in Rajasthan at Mangrol and Gotan. In 2009, JK Cement extended its footprint by setting up a greenfield unit in Muddapur, Karnataka, giving it access to the markets of southwest India. In 2014, it further expanded its capacity in the north, with brownfield expansion of a 1.5 mtpa integrated unit at Mangrol and a split grinding unit of 1.5 mtpa at Jhajjar. Today, JK Cement has an installed grey cement capacity of 10.5 mtpa. The company is the second largest manufacturer of white cement in India, with an annual capacity of 600,000 tonne, and it is also the second largest producer of wall putty in the country, with an annual installed capacity of 700,000 tonne.

JK made its first international foray with the setting up of a greenfield dual-process white cement-cum-grey cement plant in the free trade zone at Fujairah, UAE, to cater to the GCC and African markets. The plant at Fujairah has a capacity of 0.6 mtpa for white cement, with flexibility to change over its operation to produce up to 1 mtpa of grey cement. As a part of its new initiatives, the company plans to increase the production capacity of wall putty to keep pace with the rising demand. In this direction, JK Cements plans to put up a 6-lakh tonne capacity plant at Katni in Madhya Pradesh. The first phase of 2-lakh tonne commenced on May 25, 2016. The company┬┤s net sales grew by 10.9 per cent to Rs 3,755 crore in FY2016, as against Rs 3,387.36 crore in FY2015. The bottomline fell by 57.5 per cent to Rs 60.37 crore, on weak pricing of grey cement.

 
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