JK Lakshmi Cement has received shareholders’ approval to raise up to Rs 500 crore by issue of Non-Convertible Debentures (NCDs) on private placement basis. The shareholders have approved for the same at the special resolution through postal ballot. The company had earlier received board’s approval for the same.
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.
