JK Cement, part of the JK Organisation conglomerate, plans to invest up to Rs 1,500 crore in the next 3-4 years to hike production capacity of grey cement by over 30 per cent to 14 million tonnes per annum. The actual value of investments would depend on whether the company expands capacity through greenfield or brownfield investments.
The company is likely to add one plant in Panna, Madhya Pradesh, which would be a greenfield project. JK Cement is evaluating expansion opportunities at its Rajasthan-based Mangrol plant. In 2014, JK Cement had invested in expanding capacity at Mangrol and split-grinding unit at Jhajjar.
The company will either set up new units or expand the production capacity of existing plants to tap growth opportunities in the grey cement segment, with demand primarily expected to come from the government's push for big infrastructure projects. Projects like smart cities, Sagarmala and housing for all are being taken up and all the growth and demand augurs well for the cement industry. Addition demand drivers for the cement industry are an expected rise in rural housing and good monsoon.
The company is likely to add one plant in Panna, Madhya Pradesh, which would be a greenfield project. JK Cement is evaluating expansion opportunities at its Rajasthan-based Mangrol plant. In 2014, JK Cement had invested in expanding capacity at Mangrol and split-grinding unit at Jhajjar.
The company will either set up new units or expand the production capacity of existing plants to tap growth opportunities in the grey cement segment, with demand primarily expected to come from the government's push for big infrastructure projects. Projects like smart cities, Sagarmala and housing for all are being taken up and all the growth and demand augurs well for the cement industry. Addition demand drivers for the cement industry are an expected rise in rural housing and good monsoon.
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