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The Wire
3 days ago
- Business
- The Wire
JK Super Cement Being Launched in Kashmir, Strengthening Presence in Northern Markets
Srinagar, Jammu and Kashmir, India (NewsVoir) Saifco Cements Pvt. Ltd, a subsidiary of JK Cement Ltd – one of the leading cement companies of India, today announced the launch of JK Super Cement brand in Kashmir, marking a significant milestone in the journey ahead. This move signals the operational rollout of JK Cement's recent acquisition in the region and aligns with its broader ambition to support infrastructure and economic growth in Jammu & Kashmir. JK Super Cement, the company's flagship grey cement brand known for its superior strength and durability, will now be manufactured and made available across key districts of Kashmir, to improve the availability for local infrastructure projects and consumers. Speaking on the occasion Dr. Raghavpat Singhania, Managing Director, JK Cement Ltd said "JK Super Cement's entry into the Kashmir market is a natural extension of our long-term strategy in the North. With the region witnessing a surge in public infrastructure projects and housing development, local production allows us to serve this demand efficiently. Further, Mr. Madhavkrishna Singhania, Joint Managing Director and CEO, JK Cement Ltd, added. 'More importantly, it allows us to translate our vision of sustainable and inclusive growth into tangible action. By investing in local manufacturing capabilities, building skills, and creating employment opportunities, we're ensuring that the benefits of this launch extend well beyond cement supply. This is about strengthening the local economy, empowering communities, and building the kind of self-reliant ecosystem that will support Kashmir's growth for decades to come." Saifco Cements will begin full-scale distribution in key districts including Baramulla, Kupwara, Bandipore, Srinagar, Budgam, Ganderbal, Anantnag, Kulgam, Shopian & Pulwama of Kashmir. With plans for deeper market penetration through a strong channel partner network and direct engagement with builders, contractors, and public sector stakeholders, the on-ground team has also been ramped up to provide technical support, quality assurance, and training to local builders and contractors to ensure smooth adoption. By producing and distributing locally, the company is creating new employment opportunities across the value chain. Speaking on the occasion, Mr. Suhail Manzoor Guna, Director, Saifco Cements Pvt. Ltd said, "This is a proud moment for us. Launching JK Super Cement brand in Kashmir is not just a business move—it's a step towards demonstrating our commitment to building a stronger, more self-reliant Jammu & Kashmir.' Further, Mr. Dawood Altaf Guna, Director, Saifco Cements Pvt Ltd, added, 'We are committed to supplying top-quality cement to support the region's growing construction and infrastructure needs while also generating meaningful employment and contributing to local economic development." Aligned with the 'Make in India' and 'Aatmanirbhar Bharat' vision of the Government, JK Cement's investment in local manufacturing reflects its deep commitment to building self-reliant infrastructure capabilities. The launch of JK Super Cement in Kashmir builds on JK Cement's ongoing efforts to expand across India, following recent market entries in Bihar and capacity enhancements in several other states. The company now boasts of a growing presence in various markets of India, reinforcing its position as a leading force in the country's cement and construction ecosystem. About JK Cement Ltd JK Cement Ltd. is among India's top manufacturers of Grey and White Cement, and home-building solutions globally. For over five decades, JKCement has contributed to India's infrastructure through product quality, customer focus, and technology leadership, beginning with its flagship grey cement unit in Nimbahera, Rajasthan, in May 1975. The Company's Grey Cement capacity is 25.26 MTPA, making it a leading manufacturer with a strong presence across 15 states, especially in Rajasthan, Uttar Pradesh, and Madhya Pradesh. With a total White Cement and Wall Putty Capacity of 3.05 MTPA, JK White Cement is sold in 36 countries around the globe. The Company has a strong international presence with two subsidiaries, JK Cement Works Fujairah FZC and JK White Cement (Africa) Ltd. In 2023, JKCement launched JKMaxx Paints, offering wall, wood, and metal finishes. In the same year, JKCement expanded into construction chemicals with JK Profix, a waterproofing line, and also entered the Ready-Mix Concrete segment with JK Super Concrete, serving Delhi NCR and set for nationwide growth. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
Business Standard
3 days ago
- Business
- Business Standard
JK Super Cement Being Launched in Kashmir, Strengthening Presence in Northern Markets
NewsVoir Srinagar (Jammu and Kashmir) [India], August 13: Saifco Cements Pvt. Ltd, a subsidiary of JK Cement Ltd - one of the leading cement companies of India, today announced the launch of JK Super Cement brand in Kashmir, marking a significant milestone in the journey ahead. This move signals the operational rollout of JK Cement's recent acquisition in the region and aligns with its broader ambition to support infrastructure and economic growth in Jammu & Kashmir. JK Super Cement, the company's flagship grey cement brand known for its superior strength and durability, will now be manufactured and made available across key districts of Kashmir, to improve the availability for local infrastructure projects and consumers. Speaking on the occasion Dr. Raghavpat Singhania, Managing Director, JK Cement Ltd said "JK Super Cement's entry into the Kashmir market is a natural extension of our long-term strategy in the North. With the region witnessing a surge in public infrastructure projects and housing development, local production allows us to serve this demand efficiently. Further, Mr. Madhavkrishna Singhania, Joint Managing Director and CEO, JK Cement Ltd, added. "More importantly, it allows us to translate our vision of sustainable and inclusive growth into tangible action. By investing in local manufacturing capabilities, building skills, and creating employment opportunities, we're ensuring that the benefits of this launch extend well beyond cement supply. This is about strengthening the local economy, empowering communities, and building the kind of self-reliant ecosystem that will support Kashmir's growth for decades to come." Saifco Cements will begin full-scale distribution in key districts including Baramulla, Kupwara, Bandipore, Srinagar, Budgam, Ganderbal, Anantnag, Kulgam, Shopian & Pulwama of Kashmir. With plans for deeper market penetration through a strong channel partner network and direct engagement with builders, contractors, and public sector stakeholders, the on-ground team has also been ramped up to provide technical support, quality assurance, and training to local builders and contractors to ensure smooth adoption. By producing and distributing locally, the company is creating new employment opportunities across the value chain. Speaking on the occasion, Mr. Suhail Manzoor Guna, Director, Saifco Cements Pvt. Ltd said, "This is a proud moment for us. Launching JK Super Cement brand in Kashmir is not just a business move--it's a step towards demonstrating our commitment to building a stronger, more self-reliant Jammu & Kashmir." Further, Mr. Dawood Altaf Guna, Director, Saifco Cements Pvt Ltd, added, "We are committed to supplying top-quality cement to support the region's growing construction and infrastructure needs while also generating meaningful employment and contributing to local economic development." Aligned with the 'Make in India' and 'Aatmanirbhar Bharat' vision of the Government, JK Cement's investment in local manufacturing reflects its deep commitment to building self-reliant infrastructure capabilities. The launch of JK Super Cement in Kashmir builds on JK Cement's ongoing efforts to expand across India, following recent market entries in Bihar and capacity enhancements in several other states. The company now boasts of a growing presence in various markets of India, reinforcing its position as a leading force in the country's cement and construction ecosystem. JK Cement Ltd. is among India's top manufacturers of Grey and White Cement, and home-building solutions globally. For over five decades, JKCement has contributed to India's infrastructure through product quality, customer focus, and technology leadership, beginning with its flagship grey cement unit in Nimbahera, Rajasthan, in May 1975. The Company's Grey Cement capacity is 25.26 MTPA, making it a leading manufacturer with a strong presence across 15 states, especially in Rajasthan, Uttar Pradesh, and Madhya Pradesh. With a total White Cement and Wall Putty Capacity of 3.05 MTPA, JK White Cement is sold in 36 countries around the globe. The Company has a strong international presence with two subsidiaries, JK Cement Works Fujairah FZC and JK White Cement (Africa) Ltd. In 2023, JKCement launched JKMaxx Paints, offering wall, wood, and metal finishes. In the same year, JKCement expanded into construction chemicals with JK Profix, a waterproofing line, and also entered the Ready-Mix Concrete segment with JK Super Concrete, serving Delhi NCR and set for nationwide growth.
Fashion Value Chain
3 days ago
- Business
- Fashion Value Chain
JK Super Cement Being Launched in Kashmir, Strengthening Presence in Northern Markets
Saifco Cements Pvt. Ltd, a subsidiary of JK Cement Ltd – one of the leading cement companies of India, today announced the launch of JK Super Cement brand in Kashmir, marking a significant milestone in the journey ahead. This move signals the operational rollout of JK Cement's recent acquisition in the region and aligns with its broader ambition to support infrastructure and economic growth in Jammu & Kashmir. JK Super Cement being launched in Kashmir, Strengthening Presence in Northern Markets JK Super Cement, the company's flagship grey cement brand known for its superior strength and durability, will now be manufactured and made available across key districts of Kashmir, to improve the availability for local infrastructure projects and consumers. Speaking on the occasion Dr. Raghavpat Singhania, Managing Director, JK Cement Ltd said 'JK Super Cement's entry into the Kashmir market is a natural extension of our long-term strategy in the North. With the region witnessing a surge in public infrastructure projects and housing development, local production allows us to serve this demand efficiently. Further, Mr. Madhavkrishna Singhania, Joint Managing Director and CEO, JK Cement Ltd, added. 'More importantly, it allows us to translate our vision of sustainable and inclusive growth into tangible action. By investing in local manufacturing capabilities, building skills, and creating employment opportunities, we're ensuring that the benefits of this launch extend well beyond cement supply. This is about strengthening the local economy, empowering communities, and building the kind of self-reliant ecosystem that will support Kashmir's growth for decades to come.' Saifco Cements will begin full-scale distribution in key districts including Baramulla, Kupwara, Bandipore, Srinagar, Budgam, Ganderbal, Anantnag, Kulgam, Shopian & Pulwama of Kashmir. With plans for deeper market penetration through a strong channel partner network and direct engagement with builders, contractors, and public sector stakeholders, the on-ground team has also been ramped up to provide technical support, quality assurance, and training to local builders and contractors to ensure smooth adoption. By producing and distributing locally, the company is creating new employment opportunities across the value chain. Speaking on the occasion, Mr. Suhail Manzoor Guna, Director, Saifco Cements Pvt. Ltd said, 'This is a proud moment for us. Launching JK Super Cement brand in Kashmir is not just a business move-it's a step towards demonstrating our commitment to building a stronger, more self-reliant Jammu & Kashmir.' Further, Mr. Dawood Altaf Guna, Director, Saifco Cements Pvt Ltd, added, 'We are committed to supplying top-quality cement to support the region's growing construction and infrastructure needs while also generating meaningful employment and contributing to local economic development.' Aligned with the 'Make in India' and 'Aatmanirbhar Bharat' vision of the Government, JK Cement's investment in local manufacturing reflects its deep commitment to building self-reliant infrastructure capabilities. The launch of JK Super Cement in Kashmir builds on JK Cement's ongoing efforts to expand across India, following recent market entries in Bihar and capacity enhancements in several other states. The company now boasts of a growing presence in various markets of India, reinforcing its position as a leading force in the country's cement and construction ecosystem. About JK Cement Ltd JK Cement Ltd. is among India's top manufacturers of Grey and White Cement, and home-building solutions globally. For over five decades, JKCement has contributed to India's infrastructure through product quality, customer focus, and technology leadership, beginning with its flagship grey cement unit in Nimbahera, Rajasthan, in May 1975. The Company's Grey Cement capacity is 25.26 MTPA, making it a leading manufacturer with a strong presence across 15 states, especially in Rajasthan, Uttar Pradesh, and Madhya Pradesh. With a total White Cement and Wall Putty Capacity of 3.05 MTPA, JK White Cement is sold in 36 countries around the globe. The Company has a strong international presence with two subsidiaries, JK Cement Works Fujairah FZC and JK White Cement (Africa) Ltd. In 2023, JKCement launched JKMaxx Paints, offering wall, wood, and metal finishes. In the same year, JKCement expanded into construction chemicals with JK Profix, a waterproofing line, and also entered the Ready-Mix Concrete segment with JK Super Concrete, serving Delhi NCR and set for nationwide growth.
Hans India
08-06-2025
- Business
- Hans India
JK Cement buys stake in J&K-based Saifco
JK Cement has completed the acquisition of a majority 60 per cent stake in Jammu & Kashmir-based Saifco Cements for Rs 150 crore, formalising a joint venture with the company. This makes the JK Organisation group firm as the first major cement manufacturer to set up manufacturing operations in Srinagar, signalling a step towards regional economic empowerment, according to a joint statement. As per the shareholders' agreement between the company and its promoters, JK Cement will acquire management control and hold 60 per cent of the paid-up capital of Saifco. 'The investment of Rs 149.81 crore would be paid to the existing promoters of Saifco and also to Saifco for acquisition of 60 per cent equity capital of Saifco,' it said. Following this, Saifco Cements has become a subsidiary of JK Cement with immediate effect. Moreover, the 'board of the Saifco shall be re-constituted and three persons nominated by the company will be appointed as additional directors on the board of Saifco and two directors will continue to represent the existing promoter and promoter group of Saifco,' it said. Incorporated in 1997, Saifco has an integrated plant in Khonmoh (Srinagar) and is manufacturing OPC with a clinker capacity of 0.26 MnTPA and a grinding capacity of 0.42 MnTPA. Its turnover for 2024-25 was at Rs 73.17 crore. JK Cement Managing Director Raghavpat Singhania said, 'We are pleased to welcome the Saifco Cements family into the JK Cement family. The Jammu & Kashmir market has untapped potential for local manufacturing, and with our combined expertise, we aim to transform the region and ensure benefits for the communities.'
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Business Standard
07-06-2025
- Business
- Business Standard
JK Cement acquires 60% stake in J&K-based Saifco Cements for Rs 150 cr
As per the shareholders' agreement between the company and its promoters, JK Cement will acquire management control and hold 60 per cent of the paid-up capital of Saifco Listen to This Article JK Cement has completed the acquisition of a majority 60 per cent stake in Jammu & Kashmir-based Saifco Cements for Rs 150 crore, formalising a joint venture with the company. This makes the JK Organisation group firm as the first major cement manufacturer to set up manufacturing operations in Srinagar, signalling a step towards regional economic empowerment, according to a joint statement. As per the shareholders' agreement between the company and its promoters, JK Cement will acquire management control and hold 60 per cent of the paid-up capital of Saifco. "The investment of Rs 149.81 crore would be paid to the existing promoters of Saifco and also to Saifco for acquisition of 60 per cent equity capital of Saifco," it said. Following this, Saifco Cements has become a subsidiary of JK Cement with immediate effect. Moreover, the "board of the Saifco shall be re-constituted and three persons nominated by the company will be appointed as additional directors on the board of Saifco and two directors will continue to represent the existing promoter and promoter group of Saifco," it said. Incorporated in 1997, Saifco has an integrated plant in Khonmoh (Srinagar) and is manufacturing OPC with a clinker capacity of 0.26 MnTPA and a grinding capacity of 0.42 MnTPA. Its turnover for 2024-25 was at Rs 73.17 crore. JK Cement Managing Director Raghavpat Singhania said, "We are pleased to welcome the Saifco Cements family into the JK Cement family. The Jammu & Kashmir market has untapped potential for local manufacturing, and with our combined expertise, we aim to transform the region and ensure benefits for the communities." Saifco Cements Director Suhail Manzoor Guna said, "This alliance reflects our shared vision of advancing infrastructure in Kashmir while creating meaningful opportunities for its people. JK Cement's strong legacy and commitment to inclusive growth perfectly align with our belief in building a stronger, self-reliant Valley. We look forward to this collaboration unlocking new potential, enhancing operational scale, and paving the way for long-term progress in the region." JK Cement has an installed grey cement capacity of 24.34 MnTPA. It is one of the leading manufacturers of white cement globally, with a total white cement capacity of 1.12 MnTPA and wall putty capacity of 1.33 MnTPA.
