JK cement to set up grinding plant in central Gujarat with investment of Rs 200 crore

Balasinor: JK Cement, leading cement company today laid the foundation of its grinding plant to be set up at a cost of Rs 200 in Balasinor in Central Gujarat.

Once fully operational, the unit will have a total output capacity of 0.7 MT annually.

The plant will be spread over a total area of over 8 hectare. Raghavpat Singhania, Special Executive, JK Cement said that this is part of the Company’s total funding outlay of Rs 2000 crores for capacity addition to the tune of 4.2 MN tonnes.

Besides the Balasinor unit, JK Cement will also set up another grinding unit in Aligarh during the said period, with a total investment of Rs 250 crore. The remaining fund allocation will be dedicated to capacity expansion of the existing units in Rajasthan, he said.

JK Cement is already supplying to the active cement demand in Gujarat, but the new plant set-up in Balasinor will provide the Company access to the adjoining markets including Surat, Baroda and Rajkot among others. The Balasinor unit will help JK Cement in reaching out to new markets with high growth potential, and to serve customers better.

With the expansion in Gujarat and Aligarh, coupled with the brownfield investments in Rajasthan, JK Cement’s total capacity is projected to touch approximately 15 MTPA by March 2020.

The Company has over four decades of experience in the cement manufacturing industry, having grey cement plants in Rajasthan, Karnataka & Haryana. With an installed grey cement capacity of 10.5 MPTA, the Company is one of the leading grey cement producers in India.

DeshGujarat