JK Cement targets 10% revenue growth in FY22

06 Jul 2021 CW Team

JK Cement Ltd, part of J.K. Organisation, aims a 10% increase in its revenue this fiscal, supported by the government's push for infrastructure, a good monsoon and pent-up demand for the sector, informed a top company official.

Rajnish Kapur, Chief Operating Officer, JK Cement, said that despite a drop in sales in the April-June 2021 quarter, due to the pandemic-led disruptions, JK Cement is confident and expects its growth momentum to continue in 2021-22 as well, reviving rapidly in the rest of nine months led by good growth.

Besides, the company anticipates its expansion project at Panna, Madhya Pradesh, to be completed in the next fiscal year, after which it would have a production capacity of approximately 20 million tonnes per annum (mtpa) from the current established capacity of 14.7 mtpa.

JK Cement envisions having a production capacity of 25 mtpa in the subsequent five years and is open to take "bold decisions" for expansion involving purchases, Kapur said. Work at Panna is delayed due to the Covid-19 pandemic and is now anticipated to complete in 2022.

After expansion work at Panna, a few of the existing markets will be better, and new markets will come in.

Last fiscal, JK Cement had a strong performance, as its consolidated revenue from operations was up 15% to Rs 6,233 crore, and earnings before interest, tax, depreciation and amortisation (EBITDA) moved up to Rs 1,514 crore. Its market capitalisation had expanded three times to touch $3 billion in 2020-21.

Image Source

Also read: ICRA revises cement growth outlook for FY22

Also read: Panyam Cement's revival plan receives NCLT nod

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..