JK Lakshmi Cement is currently trading at Rs 435.05, up by 2.10 points or 0.49% from its previous closing of Rs 432.95 on the BSE.
The scrip opened at Rs. 440.00 and has touched a high and low of Rs. 449.00 and Rs. 433.70 respectively. So far 3961 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 458.80 on 12-Aug-2016 and a 52 week low of Rs. 253.00 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 458.80 and Rs. 418.95 respectively. The current market cap of the company is Rs. 5116.29 crore.
The promoters holding in the company stood at 45.94%, while Institutions and Non-Institutions held 32.37% and 21.69% respectively.
JK Lakshmi Cement has received environment clearance for expansion of its limestone mine output in Rajasthan, entailing an investment of Rs 120 crore. The company’s proposal was to enhance the production capacity of its limestone mine located in Sirohi district from 8 million tonnes per annum (MTPA) to 13 MTPA. The mined limestone will be supplied to a cement plant in Sirohi.
The green nod to the project was given subject to some conditions. Among conditions specified, the company has been told that the green clearance would be subject to requisite clearances from the National Board for Wildlife, if any, as applicable for this mining project. The company has been asked to obtain consent to operation from the State Pollution Control Board.
JK Lakshmi Cement is engaged in the manufacturing of grey cement at its plants located at Sirohi, Rajasthan and at Kalol, Gujarat.
