JK Cement targets 10% revenue growth in FY22
Cement

JK Cement targets 10% revenue growth in FY22

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

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?