JK Cement moves up on planning to add up to 8 MTPA capacity in next five years

13 Dec 2017

JK Cement is currently trading at Rs. 996.25, up by 6.55 points or 0.66% from its previous closing of Rs. 989.70 on the BSE.

The scrip opened at Rs. 990.00 and has touched a high and low of Rs. 996.25 and Rs. 990.00 respectively. So far 152 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1194.95 on 22-May-2017 and a 52 week low of Rs. 631.00 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 1,013.15 and Rs. 984.00 respectively. The current market cap of the company is Rs. 6922.80 crore.

The promoters holding in the company stood at 64.16%, while Institutions and Non-Institutions held 27.55% and 8.29% respectively.

JK Cement is planning to add up to 8 million tonne per annum (MTPA) capacity in the next five years, taking the total installed capacity to around 18 (MTPA) for grey cements. Besides, the company is planning to expand to 3.5 to 4 million tonne (MT) in brownfield and greenfield projects separately.

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.

Related JK Cement Ltd. Links:

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Puchho Befikar
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