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JK Cement surges on commissioning new grinding unit at Prayagraj Plant in Uttar Pradesh

26 Jun 2024 Evaluate

JK Cement is currently trading at Rs. 4461.00, up by 125.65 points or 2.90% from its previous closing of Rs. 4335.35 on the BSE.

The scrip opened at Rs. 4333.25 and has touched a high and low of Rs. 4505.00 and Rs. 4320.90 respectively. So far 20033 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4569.95 on 25-Jun-2024 and a 52 week low of Rs. 3000.05 on 09-Oct-2023.

Last one week high and low of the scrip stood at Rs. 4569.95 and Rs. 4155.90 respectively. The current market cap of the company is Rs. 34511.09 crore.

The promoters holding in the company stood at 45.70%, while Institutions and Non-Institutions held 39.27% and 15.00% respectively.

JK Cement has commissioned a new grinding unit at its Prayagraj Plant in Uttar Pradesh. This significant milestone, achieved in a record time of under ten months, strengthens the company’s commitment to meet the growing demand for cement and solidify its position as a key industry leader. The Prayagraj Plant is a 2 MTPA Clinker Grinding unit project which will increase the overall capacity of the organization from the present 22 MTPA to 24 MTPA. This strategic move allows the company to efficiently cater to the burgeoning demand for cement across the Eastern Uttar Pradesh.

The Prayagraj grinding unit is equipped with cutting-edge German technology, ensuring high energy efficiency and reducing input and fixed costs. This strategic expansion positions JK Cement to cater to the evolving needs of a diverse customer base across key markets.  

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.

JK Cement Share Price

5527.25 22.45 (0.41%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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