Connect with us

Concrete

NCLT Clears Merger Of Toshali Cements With JK Cement

Merger effective from January 2024 to streamline operations.

Published

on

Shares

The Allahabad Bench of the National Company Law Tribunal (NCLT) has approved the amalgamation of Toshali Cements Pvt Ltd with JK Cement Ltd, with the merger taking effect from 1 January 2024.

As a result, all assets, liabilities, employees, and legal proceedings of Toshali Cements Pvt Ltd — a wholly owned subsidiary of JK Cement — have been transferred to the parent company. Toshali Cements will stand dissolved without winding up.

According to an exchange filing by JK Cement, the Tribunal sanctioned the scheme of amalgamation through its order dated 12 September 2025 in Company Petition No. CP(CAA) 15/ALD/2025, under Sections 230 to 232 of the Companies Act, 2013. The order was subsequently amended on 9 October to correct the jurisdiction of the Registrar of Companies from Dehradun to Kanpur.

JK Cement confirmed that it received the certified copy of the order and filed it with the Registrar of Companies on 15 October 2025, thereby making the scheme effective the same day.

The company said the merger aims to simplify its group structure and enhance operational efficiency by consolidating resources under a unified entity.

Headquartered in Kanpur, JK Cement Ltd manufactures both grey and white cement, with production facilities located across Rajasthan, Madhya Pradesh, Haryana, Karnataka, Gujarat, and Uttar Pradesh.

On 15 October, JK Cement’s shares closed 3.2 per cent lower, though the stock has risen about 42 per cent since the start of the year.

Concrete

Centre Defers Clearance for Limestone Mine Near Bustard Habitat

Panel seeks revised mining plan and safeguards for pipelines and wildlife

Published

on

By

Shares

The Centre has deferred environmental clearance for a proposed limestone mine near a Great Indian Bustard habitat in Ramgarh, Rajasthan’s Jaisalmer district. The critically endangered species has an estimated wild population of about 130 in India.

Continue Reading

Concrete

Telangana to Supply Subsidised Cement for Indiramma Houses

Poor families allotted Indiramma houses to receive cement at Rs. 230 per bag

Published

on

By

Shares

The Telangana government will supply cement at a subsidised price of Rs. 230 per 50-kg bag to poor and low-income families allotted Indiramma houses. The prevailing market price is between Rs. 310 and Rs. 320 per bag, the Assembly was informed on Thursday.

Continue Reading

Concrete

Cement Demand Strong As Prices Remain Stable

Volumes rise amid steady trade pricing and higher fuel costs

Published

on

By

Shares

Channel checks show cement demand remained healthy with volume growth estimated at six to seven per cent in July and August 2026. Trade prices were broadly stable while non-trade prices were volatile in the East, and attempted hikes were rolled back amid higher competition. Average fuel costs rose in August by five to nine per cent, lifting spot petcoke and coal prices.

All-India trade price remained flat month on month in August as increased rake supplies and competition offset early increases. Monsoon related demand softness limited sustained hikes and dealers indicated further attempts would depend on demand trends. Combined July and August volumes were estimated at six to seven per cent, supported by infrastructure spending while retail housing remained weather sensitive.

In the South, a Rs20 a bag hike in August did not hold and prices stayed flat month on month, while dealers planned Rs25 to Rs30 a bag from fifth September 2026 but with uncertain sustainability. In the East, trade prices were unchanged and non-trade prices corrected by Rs15 to Rs20 a bag amid weak construction in West Bengal, Jharkhand and Odisha.

The West remained most resilient on pricing and demand despite attempted hikes of Rs10 to Rs15 a bag, and Gujarat saw relatively better volumes in August. North and Central markets kept prices range bound as players focused on ramping up utilisation of new capacity, with schemes of up to Rs2 to Rs3 a bag used to meet month-end targets. Overall construction activity improved as the monsoon eased, aiding a pickup in several states.

Fuel cost pressures persisted, with South African coal at USD114 a t and petcoke around USD146 to USD147 a t in August, while spot imported petcoke and coal were higher. Imported coal consumption cost stood at Rs2.07 per Kcal and petcoke at USD2.11 per Kcal. Analysts estimate the all-India trade spread to decline by Rs90 to Rs100 a t quarter on quarter, weighing on near-term profitability and they prefer UltraTech Cement (UTCEM), JK Cement (JKCE) and Grasim Industries (GRASIM).

Continue Reading

Video Thumbnail
â–¶

    SIGN-UP FOR OUR GENERAL NEWSLETTER

    Trending News

    SUBSCRIBE TO THE NEWSLETTER

     

    Don't miss out on valuable insights and opportunities to connect with like minded professionals.

     


      This will close in 0 seconds