CARE assigns AA- rating to JK Lakshmi Cement’s Fixed Deposits

29 May 2014

Credit rating agency, Credit Analysis & Research (CARE) has assigned AA- rating to JK Lakshmi Cement’s Fixed Deposits worth Rs 15.00 crore. 

The rating derives strength from the experienced promoters and strong brand image of JKLC particularly in the Northern India market, relatively healthy capacity utilization and comfortable solvency and liquidity profile.

JK Lakshmi Cement is engaged in the manufacturing of grey cement at its plants located at Sirohi, Rajasthan, with an installed capacity of 4.2 million tonnes per annum (mtpa), and at Kalol, Gujarat, with an installed capacity of 0.55 mtpa as on March 31, 2012.

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