
J K Cements commences commercial production of LC-3 cement
LC-3, produced under IS 181 89:2023 and certified by BIS, reduces CO: emissions by up to 40% versus Ordinary Portland Cement, reinforcing the Company's commitment to sustainability and climate-conscious construction practices. The LC-3 is targeted to serve marquee infrastructure projects in Maharashtra, Gujarat, Madhya Pradesh and other parts of India. This launch represents a significant step towards achieving the Company's sustainability strategy built on four pillars: Decarbonization, Circular Economy, Resource Efficiency, and Sustainable Innovation. Its material composition makes it unique from other existing cement, which having Clinker-50%, Calcined-30% and Limestone-15%. This launch is expected to benefit the Company financially in the long run.

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Mint
3 hours ago
- Mint
Cement companies end June quarter with solid growth on volume rebound and higher realisations
Cement companies wrapped up the June quarter with a solid performance, driven by higher realizations following price hikes and robust volume growth, with most companies reporting double-digit volume growth aided by a low base during last year's election period, an upswing in commercial activity, and a ramp-up in government project execution. A drop in operating costs also contributed to a sharp rise in EBITDA per tonne. The volume growth was led by Ambuja (16.5%), UltraTech Cement (15.3%), JK Cement (14.3%), and Sagar Cements (11.5%), supported by a rebound in demand. Shree Cement's volumes, however, declined by 7.2% due to geopolitical tensions in the northern region. Dalmia Bharat (-5.4%) was impacted by the discontinuation of tolling volumes from Jaypee, while Ramco Cements (-6.8%) faced challenges from the early onset of monsoon, according to domestic brokerage firm Systematix Institutional Equities. The brokerage noted that companies under its coverage posted a 6% YoY and 5% sequential rise in realizations, largely driven by price hikes in southern markets. This also led to a sharp increase in EBITDA per tonne, up 35% YoY and 17.8% sequentially. In addition to firm realizations, a decline in power and fuel costs, along with other operating expenses, aided the EBITDA recovery. Energy costs dropped on a YoY basis, helped by nearly a 20% fall in coal prices and softer Brent crude prices. Freight costs for the brokerage coverage universe rose marginally by 2.6% as logistics efficiencies were partly offset by expansion into newer geographies. On the bottom line, the net profit of Ramco Cement soars 142.3% YoY, while Shree Cement, JK Cement, and Dalmia Bharat have surged 94.8% YoY, 65.6% YoY, and 46.9% YoY, respectively. Cement prices remained flat month-on-month in August 2025 but were relatively stronger year-on-year. The brokerage noted that monsoon slowed construction activity, especially in rural and infrastructure projects, resulting in weaker offtake and limiting companies' ability to raise or sustain prices. The demand in the East fell sharply due to early rains, though prices held steady at Rs353 per bag. In the South, prices rose by Rs10 per bag despite the monsoon, though a correction of Rs5–10 per bag is anticipated in the next quarter. As per the brokerage, central prices dipped by Rs5 per bag, while the North remained unchanged at Rs365 per bag. On an all-India basis, prices had risen 1.2% MoM in August 2025 to Rs360/bag. Channel checks indicate that while demand weakened due to the monsoon, conditions are better than the same period last year. Despite the near-term seasonal slowdown, brokerage remained positive on the sector, expecting a recovery in the second half of the year led by robust demand in infrastructure and urban housing, benign input prices, and increasing thrust on green power. As most of the consolidation is over, it foresees a strong revival in prices and a 7-8% volume growth for H2FY26. Ultratech and Ambuja remain the brokerage's top picks within the coverage universe, with a price target of ₹ 14,481 and ₹ 722, respectively. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
05-08-2025
- Business Standard
JK Cement hits new high in weak market, zooms 58% in 5 months; here's why
In the past five months, the stock price of JK Cement has outperformed the market by zooming 58 per cent SI Reporter Mumbai JK Cement share price today: Shares of JK Cement hit a new high of ₹7,060, rallying 4 per cent on the BSE in Tuesday's intra-day trade in an otherwise weak market on a healthy outlook. In comparison, the BSE Sensex was down 0.5 per cent at 80,641 at 10:04 AM. In the past month, JK Cement has surged 13 per cent, as compared to a 3.3 per cent decline in the benchmark index. In the past five months, the stock price of JK Cement has outperformed the market by zooming 58 per cent. The stock had hit a 52-week low of ₹3,893.80 on November 18, 2024. Track LIVE Stock Market Updates Here JK Cement Q1 results In the April to June quarter (Q1FY26), JK Cement's standalone Ebitda grew 41 per cent year-on-year (Y-o-Y), but declined 8 per cent quarter-on-quarter (Q-o-Q) to ₹688 crore, driven mainly by higher other operating income. Blended Ebitda per tonne rose 23 per cent Y-o-Y, and declined 1 per cent Q-o-Q to ₹1,247. In Q1, JK Cement increased grey cement capacity by 0.5 metric tons (Mt); it also announced a 0.6 Mt wall putty expansion at a capex of ₹200 crore to be commissioned by FY27. JK Cement's Q1FY26 grey cement volume grew by ~16 per cent Y-o-Y to 5.06 Mt, and the overall combined volume was ~8 per cent above expectation as it continues to gain market share in central India (~50 per cent Y-o-Y) and incremental volume in South India (teen growth). The company highlighted that it has recorded a decline in the northern region due to market conditions; however, it has maintained market share in all other regions. JK Cement is aiming to have ~1 Mt sales from Bihar by the end of FY26. The rise in South India prices helped in improving grey cement realisation by 1 per cent Q-o-Q, despite flat prices in other markets. White cement realisation declined due to lower prices and a shift in product mix, with the prices likely to have bottomed out, InCred Equities said in JK Cement's annual report analysis. Brokerages' view on JK Cement Analysts at InCred Equities like JK Cement's presence and also expansion into regions having favourable dynamics, but the brokerage firm feels the current EV/t limits a further upside in the stock price. The downside risks are weak demand, pricing pressure, and delay in commissioning. Upside risks: Strong demand & pricing, sharp deleveraging, and cost control. JK Cement remains on track to expand its grey cement capacity to 30 Mt by FY26 and 50 Mt by FY30, supporting strong volume growth and market share gains in the coming years. With structural cost-saving levers of ₹150-200 per tonne, and despite factoring in capex of ₹5,800 crore through FY28, analysts at JM Financial Institutional Securities expect net debt to remain contained at ₹3,000 crore-3,500 crore, supported by healthy cash flow generation. Incorporating the Q1 outperformance, positive pricing outlook and expansion in the wall putty segment, the brokerage firm raises FY26–28 Ebitda estimates by 3-4 per cent. The brokerage firm maintains 'Buy' with a revised September 2026 target price of ₹7,050 per share. JK Cement remains the top pick in the mid-cap cement space, it added.


Business Standard
30-07-2025
- Business Standard
J K Cements commences commercial production of LC-3 cement
J K Cements has commenced the commercial production and dispatch of portland calcined clay limestone cement (LC-3) at JK Cement Works Mangrol, Dist: Chittorgarh, Rajasthan State (a Unit of JK Cement). LC-3, produced under IS 181 89:2023 and certified by BIS, reduces CO: emissions by up to 40% versus Ordinary Portland Cement, reinforcing the Company's commitment to sustainability and climate-conscious construction practices. The LC-3 is targeted to serve marquee infrastructure projects in Maharashtra, Gujarat, Madhya Pradesh and other parts of India. This launch represents a significant step towards achieving the Company's sustainability strategy built on four pillars: Decarbonization, Circular Economy, Resource Efficiency, and Sustainable Innovation. Its material composition makes it unique from other existing cement, which having Clinker-50%, Calcined-30% and Limestone-15%. This launch is expected to benefit the Company financially in the long run.