JK Cement shines on restoring clinker silo roof at Karnataka

JK Cement is currently trading at Rs. 947.00, up by 11.40 points or 1.22% from its previous closing of Rs. 935.60 on the BSE.

The scrip opened at Rs. 940.00 and has touched a high and low of Rs. 949.65 and Rs. 940.00 respectively. So far 376 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 990.00 on 10-Oct-2016 and a 52 week low of Rs. 425.00 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 975.00 and Rs. 906.50 respectively. The current market cap of the company is Rs. 6622.11 crore.

The promoters holding in the company stood at 67.02%, while institutions and non-institutions held 25.38% and 7.60% respectively.

JK Cement has rebuild/restored and made operational the clinker silo roof at Karnataka which earlier caved in. The CF Silo which had earlier developed two horizontal cracks has been safely brought down. Due to removal of debris and maintenance the clinker production will remain suspended for about two weeks. However the production of cement will continue from the available stock of clinker.

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.