JK Lakshmi Cement has revived its plan to set up nearly half-a-dozen ready-mix-concrete (RMC) units to cash in on the surge in demand for the building material, especially in the infrastructure sector. The JK Group company will invest nearly Rs 100 crore to set up RMC plants in Mumbai, Gujarat and North India. The company will fund the investment through internal accrual.
RMC is the business where the company will concentrate in the next few years as huge opportunity remains untapped. RMC refers to specifically manufactured concrete - a mixture of the portland cement, water and aggregates comprising sand and gravel. The demand for RMC is growing in the real estate industry because it reduces labour requirement.crackcrack
