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JK Lakshmi Cement Ltd.

BSE: 500380 Sector: Industrials
NSE: JKLAKSHMI ISIN Code: INE786A01032
BSE 00:00 | 24 Apr 2020 JK Lakshmi Cement Ltd
NSE 05:30 | 01 Jan 1970 JK Lakshmi Cement Ltd

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OPEN 204.10
PREVIOUS CLOSE 204.10
VOLUME 7191
52-Week high 396.20
52-Week low 179.80
P/E 11.70
Mkt Cap.(Rs cr) 2,311
Buy Price 194.60
Buy Qty 24.00
Sell Price 199.00
Sell Qty 40.00
OPEN 204.10
CLOSE 204.10
VOLUME 7191
52-Week high 396.20
52-Week low 179.80
P/E 11.70
Mkt Cap.(Rs cr) 2,311
Buy Price 194.60
Buy Qty 24.00
Sell Price 199.00
Sell Qty 40.00

JK Lakshmi Cement Ltd. (JKLAKSHMI) - Company History

JK Lakshmi Cement (JKLC) Ltd was incorporated on 6th August 1938 in the State of Rajasthan. The Company's plant is situated at Jaykaypuram Dist.of Sirohi Rajasthan having an annual capacity of 12 million tonnes. The Company manufactures and markets Cement Clinker and cementitious products like RMC and AAC Blocks. The Company has its manufacturing plants located in two distinctive markets namely East comprising the states of Chhattisgarh Odisha Eastern & Central MP and Vidarbha region in Maharashtra; and North West that mainly comprises Rajasthan Gujarat Haryana Delhi Punjab Western UP Western MP and some parts of Maharashtra bordering Gujarat.The Company name was changed to J.K Corp Limited from Straw Products Ltd in 24th February of the year 1995 and also in the same year entered into Multi Product Corporation Manufacturing Paper Cement and Magnetic Tape. In the year 1998 the company introduced a new brand Lakshmi Chattan. The Company during the year has bagged the prestigious Greentech Safety Award 2003-04 for Safety and Environment from the Greentech Foundation and the Golden Peacock National Award for Environment Management System from the World Environment Foundation. During the year 2004-2005 the company had exited from Magnetic Tape business and in the same year the company changed its brand name from Lakshmi Cement into JK Lakshmi Cement. The Company during the year 2004-05 commenced marketing of Ready Mixed Concrete (RMC) from Gurgaon based plant under the brand name JK Lakshmi Ready Mix Concrete. The Company name was changed to JK Lakshmi Cement Limited with effect from 6th October of the year 2005. The Company's Scheme of de-merging its Investment Division to another company had been completed in the year 2005-06. The Scheme of Reconstruction Arrangement and Demerger between JKLC and Ashim Investment Company Limited (AICL) had become effective from 31st March of the year 2006. JK Lakshmi Cement Limited was declared a winner of the Golden Peacock Award for Corporate Social Responsibility for the year 2007. JKCL had commissioned its Phase I Captive Thermal Power (18 MW) plant in March of the year as its significant milestone. During the same year of 2007 the company had enhanced its Kilns further it started cement mills No.4 and 5. During FY2014 the Company completed the augmentation of Kiln Capacity resulting in increase in its clinker manufacturing capacity from 42.90 lac tonnes to 46.20 lac tonnes p.a. at its integrated plant at Jaykaypuram and Cement grinding Capacity from 52.93 lac tonnes to 66.43 lac tonnes by putting up an additional Grinding Unit at Jharli in Haryana and increasing capacity at its integrated plant in Sirohi by 7 lac tonnes p.a.In FY 2014 the Company commissioned its 6 MW Solar Power Project in Rajasthan During FY 2014 the Company commenced production of AAC Blocks with the brand name 'JK SMART BLOX' at its state-of-the art plant at Jharli Haryana. The AAC blocks though relatively new in the country are being extensively used in the developed countries and are a preferred alternative to the traditional red clay bricks.The Split Grinding Unit at Surat was commissioned in October 2016 thereby adding a capacity of 1.35 million MT. At the Durg Cement Plant which was commissioned in March 2015 balancing and up-gradation of both the Cement Mills has been completed taking the cement grinding capacity to 2.7 million MT by the end of the scal year 2017. Commissioning of Pyro Section at Udaipur Cement Works Ltd Company's subsidiary along with the 6 Kms long overland Belt Conveyor has been completed and trial commissioning of the Cement Mill has started. With this the integrated capacity of UCWL stands at 1.6 million MT.7.50 MW Waste Heat Recovery Project at Durg has been successfully commissioned in November 2017 and is generating power at rated capacity. The Company has already enhanced its Cement Capacity at Durg Plant from 1.80 Million Tonnes to 2.70 Million Tonnes and Clinker Capacity from 1.49 Million Tonnes to 1.95 Million Tonnes at a nominal Capital expenditure of Rs 50 Crore only. Udaipur Cement Works Limited (UCWL) Company's Subsidiary had successfully started commercial production and with this commissioning the Company's overall operating capacity including that of UCWL stands increased to 12.5 Million Tonnes as on 31st March 2018.


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