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JK Lakshmi Cement plans Rs 1,000 crore unit in Gujarat

17 Feb 2010 Evaluate

JK Lakshmi Cement is considering plans to set up a new plant in Gujarat with an investment of Rs 1,000 crore over the next 3-4 years to meet rising cement demand from the infrastructure sector. The proposed two million tonne unit will boost its existing operations, which includes a cement plant in Sirohi (Rajasthan), besides a grinding unit near Ahmedabad, with total annual cement making capacity of 4.7 million tonne.

 

The company is also in the process of setting up a second 0.6-million tonne cement grinding unit in Haryana. In addition, JK Lakshmi Cement had previously announced plans to set up a 2.7-million tonne cement unit in Chhattisgarh by October 2012, which would take its annual cement-producing capacity to 8 million tonne.

Cement demand in India has revived after a sluggish quarter ended December 2009, backed by accelerating construction activity. The industry sold 18.19 million tonne cement in January, a growth of 12.77% over the year-ago period. India’s current cement manufacturing capacity is around 240 million tonne annually and is likely to go up to 276 million tonne by the end of this fiscal.

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JK Lakshmi Cement Share Price

665.45 2.15 (0.32%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 12032.20
Ambuja Cement 456.35
ACC 1438.00
Shree Cement 25575.30
Dalmia Bharat 1989.95
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