While her taking over the reins of the then JK Corp Ltd was purely circumstantial, she proved the naysayers wrong with her brilliant handling of the affairs of her company - now rechristened JK Lakshmi Cement Ltd.
In India, most cement companies posted encouraging financial performance in the September quarter despite challenging economic environment. Though the lower base last year helped companies, most of them had done well considering rising operational cost and slowing demand.
As part of its expansion strategy, JK Lakshmi Cement (JKLC) will set up a Green-field cement plant at Durg in Chhattisgarh with a capacity of 2.7 mn tonne. The project is expected to be operational by October 2013. Furthermore, the company has secured long-term power supply with VS Lignite at a cost closer to its captive generation cost.
JK Lakshmi Cement plans to invest Rs 2,000 crore over the next three years to expand its capacity to 9 mt from 5.3 mt. The company soon plans to start work on a 2.7 mt Greenfield project at Durg in Chhattisgarh. Furthermore, the plant is being developed with an investment of approximately Rs 1,250 crore and is expected to be commissioned by October 2013. Briefly, the current cement industry capacity utilisation hovers around 75 per cent.