Skip to main content

MoneyWorks4Me

JK Cement to invest Rs 450 crore to set up two grinding units for grey cement

22 Feb 2019 Evaluate

JK Cement will invest around Rs 450 crore to set up two grinding units for grey cement in Gujarat and Uttar Pradesh. The company will invest Rs 250 crore on a grinding unit in Balasinor, Gujarat which will have an annual production capacity of 0.7 million tonne per annum (MTPA) on completion. It has also earmarked Rs 200 crore for a grinding unit at Aligarh in Uttar Pradesh.

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.

Peers
Company Name CMP
Ultratech Cement 11111.90
Ambuja Cements 349.95
ACC 1138.45
Shree Cement 23147.10
Dalmia Bharat 1412.20
View more..