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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
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JK Cement Share Price

2824.80 23.40 (0.84%) Jun 18, 18:03
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Ultratech Cement 6693.75
ACC 2029.30
Shree Cement 28032.30
Ambuja Cement 341.20
Dalmia Bharat 1784.45
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