NEW DELHI: JK Cement Ltd said that it has laid the foundation stone of its greenfield Grinding Unit in Madhya Pradesh’s Ujjain District.
The ceremony was presided over by Dr. Raghavpat Singhania, Managing Director – JK Cement Ltd., Dy. MD & CEO Madhavkrishna Singhania and the Senior leadership team.
Construction and installation activities have begun at the Grinding Unit with an investment of around Rs 400 Crores and a total production capacity of 1.50 Million Tonnes Per Annum (MTPA). This is among the major Grinding Units in Madhya Pradesh. Currently, JKCement has two operating units in the state, a greenfield integrated Cement Plant at Panna which was recently inaugurated by the Honourable Chief Minister of Madhya Pradesh Shri Shivraj Singh Chouhan and a Wall Putty Plant in the District of Katni.
Speaking on the company’s expansion Dr. Raghavpat Singhania, Managing Director, JK Cement Ltd. Said: “I would like to thank the Government of Madhya Pradesh for their constant support and for giving us the opportunity to be a part of the state’s growth story. JKCement is well placed through its capacity expansions, growing regional diversification and expanding portfolio mix to cater to the market needs. It dovetails with our plans of increasing capacity and expanding our outreach in untapped markets in a phased manner to stay in step with the demand growth as it progresses over the years. We plan to increase our cement production capacity to 25 MTPA by FY 2024-25 and have also developed a roadmap for 30 MTPA of cement capacity in the next few years”.
The company plans to scale up its manufacturing capacities for the production of Grey Cement to fulfill the enhanced demand across India. Bolstered with the latest additions including a newly built grinding unit at Hamirpur (Uttar Pradesh) along with its integrated cement plant in Panna, the overall capacity will reach 20.50 MTPA once the Ujjain unit is commissioned. These expansions reinforce JKCement’s growing footprint in Central and Northern India and its commitment to accelerate the socio-economic development of the region.
Adding to this Dy. Managing Director and CEO, Madhavkrishna Singhania said:
“Amid strong demand from rural India and recovery in the infrastructure segment, there has been a sharp rise in Cement demand in the country. As we keep pushing our boundaries, consolidating our market position is a major priority that’s aligned with the company’s vision of sustainable and profitable growth. This will further provide an impetus to the sector and address the demand for Cement in Northern and central India. Through this addition, we will not only continue to contribute towards nation-building but also create numerous employment opportunities in the state.”
Over the years JK Cement Ltd. has been taking significant measures to aid the social development of local communities with interventions made in the field of primary healthcare & sanitation, skill development, and water and energy conservation impacting over 5 Lacs beneficiaries around its operations. Through its CSR arm, the company has been constantly working towards sustainable infrastructure development of the regions around its facilities.