JK Cement to Invest US$410m to Expand Capacity by 2023

JK Cement plans to invest a total of US$410m in two new cement plant projects to expand its total production capacity to 23Mt/yr from 15Mt/yr. The company is in the process of establishing a 2Mt/yr integrated plant at Panna in Madhya Pradesh. It is in the process of

BY Realty Plus
Published - Friday, 03 Sep, 2021

JK Cement to Invest US$410m to Expand Capacity by 2023

JK Cement plans to invest a total of US$410m in two new cement plant projects to expand its total production capacity to 23Mt/yr from 15Mt/yr. The company is in the process of establishing a 2Mt/yr integrated plant at Panna in Madhya Pradesh. It is in the process of establishing a second new integrated plant at Hamirpur in Uttar Pradesh, also with a capacity of 2Mt/yr. Both plants are scheduled for commissioning in 2023. The investments aim to increase the company’s presence in the northern and central Indian cement markets. 12Mt/yr of its current capacity is located in the region, compared to 3.0Mt/yr in the south. Chief executive officer Madhav Singhania said “While the northern market is very attractive in terms of demand and capacity utilisation, we have the capabilities to become a market leader in the central region." In 2020, JK Cement’s average capacity utilisation was between 75% and 80%.

RELATED STORY VIEW MORE

Supreme Acquires Orbia Building & Infra’s (Wavin) Pipes& Fittings India Business

SYSTRA Launches New Hyderabad Office

Real-estate Tech Firm MORES Launches Regional Hubs in Pune & Mohali

TOP STORY VIEW MORE

Disappearing of Local Friendly Developers

Across cities, local developers who once thrived on word-of-mouth trust are vanishing, replaced by corporate giants – just like kirana stores giving way to hypermarkets.

02 August, 2025