Economy & Market

JK Cement to raise Rs 200 cr via QIP

Published

12 years ago

January 21, 2013

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To fund its long-term growth plan, including capital expenditure, JK Cement is planning to raise up to Rs 200 crore from institutional investors. In order to meet the fund requirement for funding its long-term growth and general corporate purposes including for capital expenditure and working capital JK Cement is proposing to make a qualified institutional placement (QIP) of up to Rs 200 crore by way of issuing equity share, the JK Cement company said in a recent notice to its shareholders.

With 7.5 million tonne per annum (mtpa) capacity, JK Cement has convened a meeting of shareholders on February 9. As on September-end, promoter holding in the company stood at 66.57 per cent. The company has four manufacturing units – three in Rajasthan and one in Karnataka – with a total capacity of 7.5 mtpa.

The Kanpur-based company is gearing up to make its first international foray with the setting up of a greenfield dual process white cement-cum-grey cement plant in the free trade zone (FTZ) at Fujairah, UAE to cater to the GCC and African markets.

Concrete

Shree Cement reports 2025 financial year results

Published

4 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

4 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

4 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/