2024-09-16 20:22:16
New Delhi: JK Cement, a company of JK Group, is going to set up a cement plant in Bihar. This plant will be located near Buxar. There is a plan to make grey cement in that plant. The capacity of the Buxar plant will be 30 lakh tonnes per annum. The company is taking about 80 acres of land to set up this plant. If everything goes well, production will start from there by December next year.
Rs 550 crore will be invested
Managing Director of JK Cement Limited Raghavpat Singhania gave this information in a conversation with NBT. He said that the cement plant planned to be built near Buxar will actually be a cement grinding unit. For this, clinker will be brought from Panna plant in Madhya Pradesh. He said that an investment of about Rs 550 crore will be made in the Buxar cement plant.
Capacity will be 30 million tonnes
At present, the annual production capacity of JK Cement is about 24 million tonnes. It is to be increased to 30 million tonnes. An investment of about Rs 3000 crore will be made in this. Out of this, an investment of Rs 550 crore will be made in the Buxar plant. He said that additional lines are being installed to increase the production capacity at the Panna Cement Plant. Clinker will also be supplied to the Bihar plant from there. It is noteworthy that in April itself, JK Cement has inaugurated a new production line at its Panna plant. With the start of the new production line at the Panna plant, its clinker production capacity has increased from 3.3 MTPA to 6.6 million metric tonnes per annum (MTPA). This will enable JK Cement to efficiently meet the growing demand for cement in Uttar Pradesh, Bihar and Central India.
At present, infrastructure projects are being built rapidly in Bihar. Along with this, construction activities are increasing from rural areas to urban areas. Due to this, the demand for cement is increasing rapidly there. Our Buxar unit is an important pillar in our comprehensive business expansion plan. This motivates us towards our vision of becoming a leading player in the cement industry of Bihar.
Raghavpat Singhania, Managing Director, JK Cement
The increasing demand of Bihar will be met
Raghavpat Singhania said, “At present, infrastructure projects are being built rapidly in Bihar. Along with this, construction activities are increasing from rural areas to urban areas. Due to this, the demand for cement is increasing rapidly there. Our Buxar unit is an important pillar in our comprehensive business expansion plan. It drives us towards our vision of becoming a leading player in the cement industry of Bihar. This strategic expansion will help us meet the growing demand for high quality cement, which will ultimately increase our ability to serve our customers.”
What is the share price of JK Cement
There is a lot of volatility in the price of JK Cement shares today. Last Friday, it closed at Rs 4765.20. This morning, it opened at Rs 4750 which was less than the previous trading day. Later, it fell to Rs 4745.10. But later it rose to Rs 4794.25. At around 2.30 pm, it was trading at Rs 4757 which is Rs 8.20 less than the previous day’s close price.