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JK Cement to raise INR6 billion for capacity expansion

Infra News - Published on Mon, 31 Dec 2018

Image Source: The Economic Times
JK Cement Ltd recently launched a qualified institutional placement offering to raise funds from institutional investors for its capital expenditure. The company is seeking to raise INR6bn (USD85.39m) to fund the expansion of grinding capacity at its Mangrol and Nimbahera plants by 1Mta each.

The company will also increase the existing clinker capacity at Mangrol by 2.48Mta, with surplus clinker to serve two new split grinding units to be constructed at Aligarh and Balsinor, in addition to the existing Nimbahera plant, which will undergo a capacity expansion.

Source :

Posted By : Joykumar Irom on Mon, 31 Dec 2018
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