India: Jammu & Kashmir Cements Limited (JKCL) has reported that it achieved an all time record turnover of US$21.8m in the fiscal year that ended 31 March 2012 compared to US$14.8m achieved in the previous fiscal year. This represents a year-on-year increase of 47%. It announced a bold 2012-2013 turnover target of US$32.5m. The company also announced that it produced 172,300t of clinker and 17,600t of cement during the year. It has targeted 255,000t of clinker and 266,200t of cement in the current fiscal year.
In addition, JKCL announced that its cement grinding and packing unit at Samba, would be put into trial production in November 2012 at a cost of around US$5m.