JK Cement shines on plan of expanding production capacity

15 May 2017

JK Cement is currently trading at Rs. 1119.15, up by 47.35 points or 4.42% from its previous closing of Rs. 1071.80 on the BSE.

The scrip opened at Rs. 1100.00 and has touched a high and low of Rs. 1194.20 and Rs. 1100.00 respectively. So far 32968 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1194.20 on 15-May-2017 and a 52 week low of Rs. 573.75 on 02-Jun-2016.

Last one week high and low of the scrip stood at Rs. 1194.20 and Rs. 987.15 respectively. The current market cap of the company is Rs. 7838.84 crore.

The promoters holding in the company stood at 64.16%, while institutions and non-institutions held 27.92% and 7.91% respectively.

JK Cement has received its board’s approval to expand the wall putty production capacity from existing 2 lakh M.T. per annum to 4 lakh MT per annum at J.K.White, Katni.

The board also took note of increase in clinker production capacity by 3.30 lakh tons per annum in Rajasthan grey cement plants by cooler modification and de-bottlenecking/up-gradations with the total cost of approximately Rs 50 crore. With this, the overall grey cement clinker capacity of Rajasthan plants stands increases to 54.45 lakh tons per annum.

JK Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.

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