JK Cement launches new grinding unit in Gujarat

JK Cement, India's premier cement company, has launched its new Grey Cement grinding unit at Balasinor in Gujarat to cater to the requirements of its dealers in the western region. Commercial dispatches have commenced from the unit having a capacity of 0.7mtpa (million tons per annum). The brand has reinforced its growing footprint in India by committing to 'Cementing the Nation' and contributing to the country's economy and industrial prowess. The company has completed its grey cement capacity expansion of 4.2mtpa comprising of (2mtpa) in Rajasthan, Uttar Pradesh (1.5mtpa) and Gujarat (0.7mtpa).

JK Cement has partnered with India's multi-sector infrastructure needs on the strength of its product excellence, customer orientation and technology leadership. This new plant will not just generate employment opportunities for locals, but also ensure on-time delivery of quality cement for consumers. While every other company is grappling with the adverse impact of the COVID-19 and reworking their organizational strategies, JK Cement is the only brand to have made such an announcement at this critical juncture, eying a strong volume growth in Q2 FY21 along with business and financial synergies.

Raghavpat Singhania, MD, JK Cement, said, "We have held on to our commitment to serve our customers in the best way possible and also contribute to industrial growth. Our legacy in the Indian market hinges on our superlative product quality and real-time project delivery. The establishment of this new plant in Balasinor marks our foray into Western India."

A.K. Saraogi, Dy. MD & CFO of JK Cement, informed that the new plant will strengthen their presence in India's high growth markets, generate employment opportunities for the locals and help serve the customers better. While the company is already supplying to the active cement demand in Gujarat, the Balasinor grinding unit will cater to the high potential markets across Surat, Baroda, Rajkot and others. The company has over four decades of experience in the Cement manufacturing industry with an installed grey cement capacity of 14 MPTA. With the commissioning of this plant, the total capacity has touched 14.7 MTPA.

The Balasinor plant stretches across an area of over 8 hectares and entails an investment of ₹200 crore. It is a part of the Company's total funding outlay of ₹2,000 crore to achieve the capacity addition of 4.2-mn tons.