JK Cement is planning to increase its installed manufacturing capacity for grey cement by over 30% from 10.5 MT to nearly 14 MT entailing an investment of up to Rs 1,500 crore in next 3-4 years. The exact investments would depend on whether the company expands capacity through greenfield or brownfield investments.
The company is keeping its options of either setting up new units or expand at the existing plants to tap growth opportunities in the grey cement segment, with demand primarily expected to come from the government's push for big infra projects, besides uptick in rural housing and good monsoon.
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.