JK Lakshmi Cement Urges GST Cut, Plans Expansion in Bihar

06 Jan 2025 CW Team

JK Lakshmi Cement has urged the government to reduce GST on cement from 28% to 18% in the upcoming Budget to boost consumption of this critical building material. Arun Shukla, President and Director of JK Lakshmi Cement, emphasized the need for policy measures to support cement-driven infrastructure growth at the 'Bihar Business Connect 2024' meet.

"Cement is a major driver of economic growth," Shukla noted, highlighting its role in building world-class infrastructure. He also stressed the advantages of cement concrete roads, citing their cost-effectiveness and longevity over bitumen roads.

The company is investing Rs 5 billion in a manufacturing plant in Madhubani, Bihar, set to become operational within a year. Shukla lauded the Bihar government for its proactive support and fiscal incentives, describing the experience as "amazing."

JK Lakshmi Cement, part of the JK Organisation, has set a target to expand its annual capacity from 18 million tonnes to 30 million tonnes by 2030. The company is on track to add 12 million tonnes across various geographies, addressing an anticipated 7-8% annual demand growth.

Additionally, the JK Organisation is exploring investments in sectors like tyre and paper manufacturing, aligning with its diversified growth strategy.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..