MoneyWorks4Me

JK Cement zooms on implementing additional capacity of white cement based wall putty at J.K.White

19 Oct 2020 Evaluate

JK Cement is currently trading at Rs. 1798.05, up by 42.85 points or 2.44% from its previous closing of Rs. 1755.20 on the BSE.

The scrip opened at Rs. 1780.00 and has touched a high and low of Rs. 1821.10 and Rs. 1766.40 respectively. So far 2855 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,821.10 on 19-Oct-2020 and a 52 week low of Rs. 800.00 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1821.10 and Rs. 1638.75 respectively. The current market cap of the company is Rs. 13892.83 crore.

The promoters holding in the company stood at 58.07%, while Institutions and Non-Institutions held 36.75% and 5.19% respectively.

JK Cement has successfully implemented additional capacity of 3 lakh tonnes per annum of white cement based wall putty at J.K.White in Katni in Madhya Pradesh (J.K. White, Katni) unit of J.K.Cement and also commenced commercial despatches on October 19, 2020 from J.K.White, Katni. Now therefore, the installed capacity at J.K.White, Katni stands at 7 lakh tonnes per annum. With this the company has achieved white cement based Wall Putty manufacturing capacity of 12 lakh tonnes 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.

Peers
Company Name CMP
Ultratech Cement 10578.15
Ambuja Cements 353.80
ACC 1154.50
Shree Cement 21755.00
Dalmia Bharat 1622.75
View more..