JK Lakshmi Cement Ltd (JKLC), a Flagship Company of JK Organization announced its Financial Results for the Second Quarter of Financial Year 2024.
Commenting on the Results of the Company, Vinita Singhania, Vice Chairman & Managing Director (VC&MD) of the Company said “the Profitability of the Company improved on account of Higher Volume, Better Product & Sales Mix and Reduction in Fuel Cost”.
The Company is implementing a Project for enhancing its TSR from 4% to 16% in a phased manner at its Sirohi Cement Plant as a part of its Green Initiatives.
The Company is also enhancing its WHR Capacity by 3.5 MW at Sirohi which will come into stream in 4th Quarter of FY’24.
The Company has tied-up under the Captive Route, sourcing of Solar Power of 40 MW for its Integrated Cement Plant at Durg in Chhattisgarh. With this Sourcing, the Share of Renewable Power at Durg Cement Plant has increased from 36% to 80% from October 2023.
The Company has taken-up for implementation setting up of additional Cement Grinding Unit of 13.50 Lakh Tonnes Per Annum at its existing Surat Grinding Unit.
The Company’s Subsidiary, Udaipur Cement Works Ltd (UCWL) has successfully commissioned its 2nd Clinker Line of 1.50 Million Tonnes Per Annum in October 2023, whereby its Clinker Capacity has doubled to 3 Million Tonnes Per Annum. Work on the 2.50 Million Tonnes Per Annum of Cement Mill & Packing Plant is on full swing as per Schedule.
JK Lakshmi Cement Limited is a part of the prestigious JK Organisation which is over hundred and thirty-five years old and boasts operations in India and abroad with a leadership presence in the fields of tyre, cement, paper, power transmissions, sealing solutions, dairy products and textiles.
JK Lakshmi Cement is a renowned and well-established name in the Indian Cement industry for four decades and has an annual turnover of over Rs 5000 crores. The Company has a formidable presence in Northern, Western and Eastern India's cement markets.
Having started in 1982, the Company has modern and fully computerized, integrated cement plants at Jaykaypuram, in the Sirohi district of Rajasthan, at Dabok, in the Udaipur district of Rajasthan (a subsidiary of the company) and at Ahiwara, in the Durg district of Chhattisgarh. The Company also has four split location grinding units at - Kalol and Surat in Gujarat, Jhamri in the Jhajjar district of Haryana and Cuttack in Odisha. The present combined capacity of the Company is about 14 Million Tonnes per annum.
The Company has also introduced Value Added Products (VAP) such as JK Lakshmi Powermix- Ready Mix Concrete (RMC), JK LakshmiPlast- Gypsum Plaster and JK SmartBlox- Autoclaved Aerated Concrete Blocks (AAC Blocks). JK Lakshmi Cement has a Vision of reaching Cement Capacity of 30 million Tonnes by2030.
