JK Lakshmi Cement has decided to raise Rs 500 crore through issuance of Non-Convertible Debentures (NCDs). The company’s board at its meeting held on October 26, 2016 approved issue of NCDs of up to Rs 500 crore, in one or more tranches from time to time, on private placement basis.
JK Lakshmi Cement, part of the $4 billion JK Group, operates integrated cement facilities at Sirohi (Rajashthan), Durg (Chhatisgarh), Kalol and Surat (Gujarat) and Jharli (Haryana). Currently, it produces 8.4 million tonnes annually and its capacity is scheduled to go up to 12 million tonnes per annum shortly.
