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J&K Cement's production and revenue dip

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J&K Cements (JKCL), the state-owned undertaking in the manufacturing sector, is witnessing steep fall in the production and the enterprise has been ‘downsized’ to a trading company, threatening its very existence.J&K Cements has witnessed vertical fall in the production and revenue realisation for the first quarter of this fiscal compared to corresponding period last year.During the first quarter (April 1 to June 30) of the 2011-12 fiscal, production of clinker from the plant was 43,000 metric tonne. However the figures have dipped to 22,000 metric tonne during first three months of the fiscal 2012-13.Likewise, the sale of the cement during first quarter of last year was 39,000 metric tonne, but it has come down to 29,000 metric tonne for the corresponding period this year.The situation has resulted in a sharp dip in revenue realisation too which is a concern. The revenue realised for first quarter of this year has been Rs 20 crore. Bureaucratic hassles and government neglect are cited as the reasons for the dilapidation of once flourishing Public Sector Undertaking (PSU) based in the Valley. The cement production at J&K Cement’s plant at Khrew, on the city outskirts has fallen by almost 70 per cent of the targeted 1,200 metric tonne production per day. Instead of addressing the problem, JKCL authorities now ordering import of the clinker (semi-finished cement which is turned into final product) from outside the state has downgraded the PSU into trading company.Interestingly the 96th meeting of Board of Directors of JKCL presided by its Chairman and Minister for Industries SS Slathia, on July 9 focused more on the ‘achievements’ of the Corporation in the past without seeking to address the mess in it.

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Concrete

Holcim UK drives sustainable construction

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Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

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Concrete

GCCA releases LCR system

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The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

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Concrete

FLSmidth opens eco-friendly plant in Casablanca

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FLSmidth has inaugurated a €21 million mill liner manufacturing plant in Casablanca, covering 11,250m² with a production capacity of 6,500 tonnes annually. The LEED-certified facility significantly reduces carbon emissions by up to 56 per cent and fully recycles water used in the manufacturing process. Up to 250 jobs will be created in the Valparaíso region. Mikko Keto, CEO, highlighted the plant as a symbol of FLSmidth’s commitment to sustainable mining and community engagement in South America. Earlier in 2024, the Denmark-based company announced plans to sell its cement division to sharpen its focus on mining operations.

 

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