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J K Lakshmi Cement to increase production

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J K Lakshmi Cement has set up an ambitious target of 10 million tonne per annum (mtpa) capacity by 2013-14. It is setting up a split grinding unit of 0.55 mtpa in Haryana, which would increase production capacity to 5.3 mtpa by the end of the year. It is also setting up a 2.7 mtpa factory at Durg in Chhattisgarh, for Rs 1,200 crore, and a 1.5 mtpa facility at Udaipur. Shailendra Chouksey, Director, J K Lakshmi Cement said, "The land acquisition process for our Durg plant has started. By October 2013, we will achieve a production capacity of eight mtpa (by the entire group). The company has also dropped its plan to acquire a plant overseas. "We had been looking at capacities but we haven’t been able to find one so far. Also, international economic conditions are not conducive and it will not give us the returns as expected. So, we are not looking at that option any more," said Chouksey.

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