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JK Lakshmi Cement undertakes Rs 2100 crore expansion plan: Report

03 Jun 2013 Evaluate

JK Lakshmi Cement reportedly has undertook Rs 2,100-crore expansion plan, where a large portion of fund, i.e., Rs 1550 crore, would be required for setting up of a 2.7-million-tonne-a-year (mtpa) green field project at Durg in Chhattisgarh. Commissioning of the Durg project, will not only help the company in penetrating into the eastern market, but will enhance its total installed cement capacity to 8.5 mtpa from the current 5.3 mtpa. Further, in the next phase of eastern expansion, the company has decided to put up a grinding unit in the Asansol-Durgapur region of West Bengal.

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 10750.00
Ambuja Cements 382.10
ACC 1229.95
Shree Cement 21956.00
Dalmia Bharat 1683.00
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