New plant to come up at Khrew in J and K

The Committee met under the Chairmanship of MLA Sat Paul Sharma to discuss audit paras pertaining to Jammu and Kashmir Cements Limited.

Threadbare discussions were held on the audit paras regarding financial position and working results, non-finalisation of annual accounts, manufacturing process and operational performance, production performance of cement factory Khrew, mining of limestone, performance of new cement plants and old cement plants working in the state. The Committee dropped a few paras on its directions that the arbitration process should be expedited. Accountant General Audit H Abbas briefed the committee about the observations pointed out by the CAGs regarding the audit paras pertaining to Jammu and Kashmir Cement Limited.

Commissioner Secretary, Industries and Commerce, Shailendra Kumar briefed the committee about the observations given by the CAG's report regarding audit paras pertaining to JKCL. He also briefed the gathering about the overall functioning of JK Cement and steps taken for further improvement of the institution.