JK Cement has announced the successful acquisition of a 60 per cent equity stake in Saifco Cements, marking a strategic step to strengthen its presence in the Union Territory of Jammu & Kashmir. Valued at Rs.1.5 billion, the deal aligns with JK Cement’s long-term strategy to enhance operations and deepen market penetration across North India. The acquisition involved purchasing shares from existing promoters along with fresh equity issued by Saifco. Following this transaction, Saifco has become a subsidiary of JK Cement, which will take over management control with immediate effect. Saifco Cements, established in 1997, operates an integrated plant in Khunmoh, Srinagar, with a clinker capacity of 0.26 million tonne per annum (MTPA ) and grinding capacity of 0.42 MTPA .

Contact: JK Cement

Tel: 0512-2371478–85

Website: www.jkcement.com