JK Cement has received approval from board of directors to enter into Paint business through a wholly owned subsidiary, formation of new wholly owned subsidiary and investment in the said wholly owned subsidiary. The wholly owned subsidiary would undertake manufacturing, selling, trading, importing and exporting and otherwise dealing in all types of paints and allied products and services.
The Board of Directors have approved an investment of up to Rs 600 crore spread over the first 5 years. Paints to operate in wholly owned subsidiary to enable organization focus solely on paints business. The Board of Directors of the Company in their Board Meeting held on March 05, 2022 considered/approved the same.
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.
