JK Cement targets Rs 2,000 cr turnover
JK Cement Ltd, one of the leading cement manufacturers in the country, has set a turnover target of around Rs 2,000 crore for the current financial year. This would be a growth of 17.64 per cent over Rs 1,700 crore which the company had achieved in 2009-10. Addressing media persons, MP Rawal, President, JK Cement Ltd, said, "We achieved a turnover of Rs 1,700 crore in 2009-10 and hope to close the current fiscal with a turnover of Rs 2,000 crore. The growth in turnover will come on the back of the company's new greenfield cement plant which has been set up at Muddapur village in Karnataka which has a capacity of 3 million tonne per annum (mtpa)."The company has three cement manufacturing units in Rajasthan besides the Karnataka plant. The combined capacity of these plants is 7.5 mtpa. Apart from catering to the domestic demand, JK Cement is exporting 60,000-70,000 tonne of white cement to African countries, Gulf nations like Kuwait, Bahrain and Oman and also to countries in the Indian sub-continent and South-East Asia like Nepal, Bangladesh, Bhutan, Sri Lanka, Singapore, Thailand, Indonesia and Philippines.