Cement News tagged under: JK Cement
Indian manufacturers prepare to resume production21 April 2020, Published under Cement NewsIndia’s ACC, India Cements, JK Lakshmi and JK Cement are looking to resume cement production in a phased manner from 20 April, while also abiding by all standard operating procedure guidelines related to social distancing. In new guidelines issued on 15 April, the Indian government has allowed industrial units located in rural areas to operate from 20 April. "We would like to inform that the company shall resume operations, from 20 April 2020, in a phased manner, subject to requisite p... |
Indian cement manufacturers take precautions against COVID-1925 March 2020, Published under Cement NewsIndia’s cement manufacturers are taking precautions against the spread of COVID-19. JK Cement Ltd is working with a reduced workforce, maximising video-conferencing and minimising contact. As a result of government policy, it has also announced which of its plants will now suspend production. JK Cement facilities at Nimbahera and Mangrol, both situated in Chittorgarh, Rajasthan, will close. Elsewhere, units at Gotan (Nagaur, Rajasthan), Jharli, (Jhajjar, Haryana), Katni (Madhya Pradesh) a... |
Indian cement producers expect higher-sulphur petcoke import in 202020 February 2020, Published under Cement NewsIndia’s cement sector is expected to increase its imports of high-sulphur petcoke in 2020 as it aims to boost production, according to company executives. Indian use of petcoke as an alternative to coal for the cement industry rose marginally in 2019 after a first-time decline in nearly a decade in 2018. Sanjay Kumar, strategic sourcing director at LafargeHolcim Energy Solutions, said he saw "higher imports of petcoke in 2020". Yagyesh Gupta, chief procurement officer at JK Cement, also s... |
JK Cement commissions 2.5Mta of grinding capacity04 February 2020, Published under Cement NewsIndia's JK Cement has announced the successful commissioning of 1Mta of grey cement grinding capacity in Mangrol, Rajasthan, and 1.5Mta of the same in Aligarh, Uttar Pradesh. The company began commercial dispatches from the units on Monday, 3 February. Elsewhere, it has noted that the 0.7Mta split grinding unit project in Balasinor, Gujarat, is in an advanced stage of completion. |
JK Cement’s Satha line expected to be ready in December07 November 2019, Published under Cement NewsIndia-based JK Cement is setting up a clinker grinding unit in Satha village, Aligarh district, Uttar Pradesh. The INR2.664bn (US$37.6m) project will have a capacity of 2Mta and will be built on a 6.83ha plot. Equipment will be supplied by FLSmidth. Following receipt of environmental clearance, civil work has been completed and equipment installation is currently in progress.. Completion is scheduled for December 2019. In addition, the company has commissioned its grey clinker productio... |
JK Cement reports 212% increase in net profit05 August 2019, Published under Cement NewsIndia’s JK Cement has reported a 211.8 per cent YoY increase in standalone net profit for the quarter ending 30 June, rising to INR1.53bn (US$21.86m) from INR493.2m. Net revenue of the company rose 19 per cent to INR132.7bn from INR111.5bn. During the April-June quarter, operating expenses advanced 6.1 per cent to INR102.4bn from INR9.65bn. However, operating profit surged 102 per cent to INR30.3bn, compared with INR1.5bn in the year-ago period. |
JK Cement sees 55% rise in 4Q net profit20 May 2019, Published under Cement NewsIndia-based JK Cement reported a 55 per cent rise in net profit to INR1.5bn (US$21.5m) for the fourth quarter ended March 2019 when compared with INR960m in the 4QFY17-18. The company’s total revenues rose from INR13.16bn in the 4QFY17-18 to INR14.92bn in the final three months of the 2018-19 financial year. However, JK Cement’s net profit declined to INR3.25bn in the FY18-19, down five per cent when compared with INR3.41bn in FY17-18. |
JK Cement announces two grinding projects22 February 2019, Published under Cement NewsIndia's JK Cement is expected to invest around INR4.5bn (US$63.24m) to set up two cement grinding units. Approximately INR2.5bn will be spent on a 0.7Mta unit in Balasinor, Gujarat, while the remaining amount will be invested in a facility in Aligarh, Uttar Pradesh. |
JK Cement reports a 16.5% fall in net profit04 February 2019, Published under Cement NewsIndia’s JK Cement has reported a 16.5 per cent fall in standalone net profit to INR609.1m (US$8.49m) in the third quarter of FY18-19, compared with INR729.3m of the year-ago period. However, net sales were up 13.1 per cent to INR12.73bn from INR11.26bn. EBITDA also increased 13.9 per cent to INR2.22bn in the 3QFY18-19, compared to INR1.95bn of the previous year. |
The World Cement Association welcomes JK Cement12 September 2018, Published under Cement NewsJK Cement has joined the World cement Association (WCA) as a corporate member. The indian cement producer has 10.5Mta of grey cement capacity and 1.2Mta of white cement capacity with one plant in UAE. Norman Greig, Secretary General of the WCA said: "India's infrastructure is expanding rapidly, and the cement industry is playing an important role in fulfilling the country's demand. We are delighted to welcome a leading member of the thriving Indian cement community and look forward to worki... |