JK Lakshmi Cement Urges GST Cut, Plans Expansion in Bihar
Cement

JK Lakshmi Cement Urges GST Cut, Plans Expansion in Bihar

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement