JK Cement Acquires Majority Stake in Saifco Cement to Expand in J&K
Cement

JK Cement Acquires Majority Stake in Saifco Cement to Expand in J&K

JK Cement has made a significant move in its growth strategy by acquiring a 60% equity stake in Saifco Cement, a cement manufacturer based in Srinagar, Jammu and Kashmir. The acquisition, valued at approximately Rs 1.74 billion, was approved during a board meeting on January 25, 2025.

Located in Khunmoh, Srinagar, Saifco's integrated manufacturing unit, which includes both clinker and grinding capacities, aligns with JK Cement's expansion plans. Saifco has an annual turnover of around Rs 860 million, and this acquisition not only strengthens JK Cement's presence in the region but also offers a strategic advantage in the competitive Indian cement industry.

Saifco's facility, spread across 54 acres, has a clinker capacity of 0.26 million tonnes per annum and a grinding capacity of 0.42 million tonnes per annum. The site also holds captive limestone reserves across 144.25 hectares, with a mineable reserve of 129 million tonnes.

This deal, which is expected to close after receiving regulatory approvals, allows JK Cement to tap into Saifco's established infrastructure, sidestepping the time-consuming process of greenfield expansion. The acquisition will also position JK Cement to benefit from Saifco’s established market presence and supply chain.

The move signals JK Cement's ambition to expand further in the Jammu and Kashmir market and beyond, positioning Saifco as a key regional player under JK Cement's umbrella. The acquisition could also lead to potential job creation and greater economic opportunities for local suppliers. As part of the integration, JK Cement is expected to bring operational synergies, improving production efficiency and cost management.

This deal is seen as a model for regional consolidation in India’s growing cement industry, with JK Cement’s established brand and distribution network poised to enhance Saifco’s operations and product offerings in the region.

(Greater Kashmir)


JK Cement has made a significant move in its growth strategy by acquiring a 60% equity stake in Saifco Cement, a cement manufacturer based in Srinagar, Jammu and Kashmir. The acquisition, valued at approximately Rs 1.74 billion, was approved during a board meeting on January 25, 2025.Located in Khunmoh, Srinagar, Saifco's integrated manufacturing unit, which includes both clinker and grinding capacities, aligns with JK Cement's expansion plans. Saifco has an annual turnover of around Rs 860 million, and this acquisition not only strengthens JK Cement's presence in the region but also offers a strategic advantage in the competitive Indian cement industry.Saifco's facility, spread across 54 acres, has a clinker capacity of 0.26 million tonnes per annum and a grinding capacity of 0.42 million tonnes per annum. The site also holds captive limestone reserves across 144.25 hectares, with a mineable reserve of 129 million tonnes.This deal, which is expected to close after receiving regulatory approvals, allows JK Cement to tap into Saifco's established infrastructure, sidestepping the time-consuming process of greenfield expansion. The acquisition will also position JK Cement to benefit from Saifco’s established market presence and supply chain.The move signals JK Cement's ambition to expand further in the Jammu and Kashmir market and beyond, positioning Saifco as a key regional player under JK Cement's umbrella. The acquisition could also lead to potential job creation and greater economic opportunities for local suppliers. As part of the integration, JK Cement is expected to bring operational synergies, improving production efficiency and cost management.This deal is seen as a model for regional consolidation in India’s growing cement industry, with JK Cement’s established brand and distribution network poised to enhance Saifco’s operations and product offerings in the region.(Greater Kashmir)

Next Story
Resources

Gyproc India concludes ‘Beyond Dimensions’ design challenge

Gyproc India successfully hosted the finale of its flagship national design challenge, ‘Beyond Dimensions with Gyproc’, in Mumbai. Aimed at nurturing sustainability-focused innovation among young architects and designers, the event drew over 800 teams from 120 colleges across India. The Top 8 finalists presented forward-thinking concepts to a jury comprising Ar. Kavitha Selvaraj, Ar. Manish Dikshit, and Shailee Goswami. The top three winning teams—Anurag Singh & Kashish Gala (Rachana Sansad), Afeefah Hoda & Keerthi S, and Naveen Raja & Mohamed Yahya (RVS Padmavathy)—will now head to D..

Next Story
Infrastructure Energy

Stride Green raises US$3.5 million in seed round

Stride Green, a climate-tech asset financing and lifecycle management platform, has raised US$3.5 million in a seed funding round led by Micelio Technology Fund and Incubate Fund Asia, along with other strategic investors. The capital will help scale Stride Green’s tech-driven financing and leasing offerings across clean sectors like electric mobility, battery storage, and renewables. Funds will also support team expansion and future capability building. Founded by Ishpreet Gandhi and Vivek Jain, Stride Green aims to bridge financing gaps in early-stage clean technologies. Its proprietary ..

Next Story
Infrastructure Transport

CM Fadnavis opens last stretch of 701-km Samruddhi Mahamarg

Maharashtra Chief Minister Devendra Fadnavis inaugurated the final 76-km stretch of the Hinduhrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg on 5th June 2025, marking the full commissioning of the 701-km Mumbai-Nagpur expressway. The inauguration ceremony, held in Thane district, was attended by Deputy Chief Ministers Eknath Shinde and Ajit Pawar, along with key officials linked to the project. The newly opened Igatpuri–Amane section completes the six-lane, access-controlled corridor designed to enhance high-speed connectivity across the state. With the expressway n..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?