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JK cement is raising debt of over Rs 800 crore to part finance setting up its first overseas plant in the Middle East. The proposed plant with annual capacity of 2 million tonne will require an investment of around Rs 1,400 crore which will be funded by bank loans and internal accruals.

 

The company has already purchased land for the plant in Fujairah, one of the seven emirates of UAE. JK Cement, which produces 7.5 million tonne a year, has manufacturing units in Rajasthan and Karnataka. It is the second largest producer of white cement in India. It exports white cement to UAE, South Africa, Nigeria, Bahrain, Tanzania, and Nepal.crackcrack
Peers
Company Name CMP
Ultratech Cement 11195.00
Ambuja Cements 349.80
ACC 1142.35
Shree Cement 23000.15
Dalmia Bharat 1517.70
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