Cement News tagged under: JK Cement
India: local tax on coal mines to hit cement firms24 March 2014, Published under Cement NewsIndia's coal ministry has tabled a proposal that cement, steel and sponge iron companies that have captive coal mines have an undue advantage, and this could be offset with a new tax. The rationale behind the coal ministry's proposed increase in taxes on cement and steel companies that own coal mines is that, while they are insulated from the market vagaries as far as this key input is concerned, their output prices are market determined, leading to an undue advantage. The exact amount of ... |
JK Cement expands capacity to support sales volume30 September 2013, Published under Cement NewsJK Cement is increasing capacity by 3Mta through two split-grinding units of 1.5Mta each in Haryana and Rajasthan in the northern region, lifting its grey cement capacity to 10.5Mta. The projects are expected to be completed by June 2014 and should help in realising higher volumes. At present, 2QFY14 results are expected to be subdued due to lower volumes and cement prices. Grey cement volumes are forecast to decline 10 per cent as the company’s southern plant noted a 30 per cent drop in ... |
India’s JK Cement reports 55% drop in 1QFY13-14FY29 July 2013, Published under Cement NewsJK Cement reported a 55 per cent drop in its net profit at INR310m (US$5.22m) for the quarter ended 30 June 2013 as a result of lower realisation and higher input costs. In the corresponding quarter of the previous year, the company had posted a profit of INR690m. Total income from operations also fell 10 per cent from INR7.37bn to INR6.61bn. EBITDA margins contracted from 21.47 per cent to 15.55 per cent. |
JK Cement aims to double capacity in 5-7 years28 June 2013, Published under Cement NewsJK Cement Ltd is undertaking several expansion projects to cement its position in the domestic as well as international markets. The Kanpur-based Indian company is setting up a 0.6Mta white cement plant at Fujairah in the United Arab Emirates and plans to add 3Mta capacity at its existing facilities in India by September 2014. According to its annual report for 2012-13 (Apr-Mar), JK Cement will also expand wall putty capacity by 0.2Mta at its Gotan plant in Rajasthan by Septembe... |
Raw material and cement grinding plants for India22 January 2013, Published under Cement NewsJK Cement Ltd of India has contracted ThyssenKrupp Polysius to supply three new grinding plants equipped with POLYCOM high-pressure grinding rolls. The grinding plants are to be constructed at two different cement production locations. Cement grinding plant at Jharli works At the company's Jharli works in the state of Haryana, a combi grinding plant is to be installed. The plant is to consist of a POLYCOM high-pressure grinding roll with 2 x 1500kW drives, a ball mill (4.4m diameter x ... |
JK Cement signs MoU for new plant, India23 October 2012, Published under Cement NewsJK Cement has signed a memorandum of understanding (MoU) with the government of Madhya Pradesh to set up a cement plant in the Panna district of the central Indian state. The MoU was signed in the presence of Chief Minister Shivraj Singh Chouhan and JK Group officials, official sources said, according to reports in the Times of India. |
JK Cement reports YoY gains, India10 August 2012, Published under Cement NewsJK Cement reported a healthy growth in earnings on the back of both higher volumes and realisations in the first quarter of the current fiscal. In the June 2012 quarter, the company reported 38 per cent YoY growth in net profits, the Economic Times of India reports. Revenues grew by 21 per cent YoY to INR736 crore mainly due to 15 per cent growth in dispatches and a five per cent increase in realisation per ton. However, on a sequential basis, dispatches were 11 per cent lower compared to... |
JK Cement receives approval for Bangalore plant, India24 May 2012, Published under Cement NewsThe Bangalore State High Level Committee (SHLC) has cleared a proposal by JK Cement’s (Western) Ltd to establish a cement factory at Chittapur taluk in Gulbarga district. The company would invest INR2,326.65 crore. The Hindu reports that JK’s cement project is one of 31 proposals across various industries that received clearance from the SHLC yesterday ahead of the state hosting the GIM-2012 Expo at the Bangalore International Exhibition Centre in early June. “The government has set a ... |
JK Cement begins construction of UAE cement plant16 January 2012, Published under Cement NewsIndia’s JK Cement has started construction of a white cement plant in the UAE, the completion of which could make it a top five player in the niche market of white cement. The company’s vice president N. Gowrishankar told Gulf News that the new plant, to be constructed in the emirate of Fujairah, will involve an investment of US$149.7m and a capacity of 0.6Mta of white cement, with the ability to switch operations to 1Mta of grey cement. The plant is scheduled for commissioning in 2013. ... |