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CARE assigns ‘AA-’ ratings to JK Cement’s Long-Term NCD’s

27 Jun 2013 Evaluate

Credit rating agency, CARE has assigned ‘AA-’ rating to JK Cement’s Proposed Long-term Non Convertible Debentures (NCD) worth Rs 200 crore.

The company has received the said ratings on the back of its dominant position in the white cement industry, strong brand image in the North Indian market, increasing presence in Karnataka and Maharashtra markets, self-sufficiency in power requirement, and comfortable solvency and liquidity profile.

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

5446.95 18.00 (0.33%)
16-Jul-2026 13:25 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11852.35
Ambuja Cements 434.90
ACC 1376.30
Shree Cement 27070.00
Dalmia Bharat 1830.45
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