JK Lakshmi explores further avenues of growth

JK Lakshmi Cement, part of the HS Singhania Group, is looking to lift capacity to around 20Mta over the next five years after its latest round of expansion is complete.

By end-March 2016, the company will have a total cement manufacturing capacity of 11Mta with units  across Durg in Chhattisgarh, Sirohi in Rajasthan and grinding facilities in Kalol (Gujarat) and in Jharli (Haryana).

Speaking to the Economic Times, JK Lakshmi Cement wholetime director Shailendra Chouksey said: "We plan to look for new growth avenues after consolidating ourselves in the current financial year 2014-15. Apart from the inorganic route, our existing units at Udaipur, Rajasthan and Durg are amenable for further expansion. We would focus on leveraging our existing capacity and then, subsequently, look at greenfield projects or buyouts."

The company will look at increasing cement capacities organically if the state governments of Gujarat and Madhya Pradesh allocate new mining lease in their favour, Chouksey added. Much, however, would depend on the outcome of the Lok Sabha election 2014 and the party in power.