JK Cement to set up Grinding Unit in Prayagraj, invests Rs. 500 Cr
JK Cement Ltd. to set up its grinding unit in Prayagraj, Uttar Pradesh with an investment of approximately Rs. 500 crores.
Commenting on the expansion, Dr. Raghavpat Singhania, Managing Director, JK Cement said, “As India accelerates its infrastructure development to sustain robust economic growth, we are continually scaling our capacities to cater to escalating demands from the infrastructure, housing, and construction sectors.”
With the establishment of the Prayagraj plant in Uttar Pradesh, JK Cement is poised to exceed their set target of reaching 25 MnTPA grey cement capacity by FY 2024-25. Furthermore, a meticulously planned expansion is in place to achieve 30 MnTPA in the medium term.
Madhavkrishna Singhania, Dy. Managing Director and CEO, JK Cement adds, “This strategic addition not only ensures our steadfast role in nation-building but also ushers in an array of employment opportunities within the state.”
Presently, JKCement operates two functional units in Uttar Pradesh, situated in Aligarh and Hamipur. “Embarking on the journey of construction and installation, the Grinding Unit’s inception unfolds with a noteworthy investment of approximately Rs. 500 crores and a remarkable total production capacity of 2.5 Million Tonnes Per Annum (MTPA), the company said in a statement.
