Economy & Market

JK Cement targets Rs 2,000 cr turnover

Published

14 years ago

January 3, 2011

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JK Cement Ltd, one of the leading cement manufacturers in the country, has set a turnover target of around Rs 2,000 crore for the current financial year. This would be a growth of 17.64 per cent over Rs 1,700 crore which the company had achieved in 2009-10. Addressing media persons, MP Rawal, President, JK Cement Ltd, said, "We achieved a turnover of Rs 1,700 crore in 2009-10 and hope to close the current fiscal with a turnover of Rs 2,000 crore. The growth in turnover will come on the back of the company’s new greenfield cement plant which has been set up at Muddapur village in Karnataka which has a capacity of 3 million tonne per annum (mtpa)."The company has three cement manufacturing units in Rajasthan besides the Karnataka plant. The combined capacity of these plants is 7.5 mtpa. Apart from catering to the domestic demand, JK Cement is exporting 60,000-70,000 tonne of white cement to African countries, Gulf nations like Kuwait, Bahrain and Oman and also to countries in the Indian sub-continent and South-East Asia like Nepal, Bangladesh, Bhutan, Sri Lanka, Singapore, Thailand, Indonesia and Philippines.

Concrete

Shree Cement reports 2025 financial year results

Published

5 days ago

June 17, 2025

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

5 days ago

June 17, 2025

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

Concrete

India’s cement consumption set to rise

Published

5 days ago

June 17, 2025

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According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/