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 Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..