JK Cement (JKCL ) has received an in-principle approval for selling of entire equity shares of Toshali Logistics (step down subsidiary of JKCL) to a Carrier /transporter Company. Consequent to the above, Toshali Logistics will cease as the subsidiary of Toshali Cements and step down subsidiary of the company. The Buyer and the sale consideration are being finalized. The Board of Directors of the company in their meeting held on October 26, 2024 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.
