Displaying items by tag: JK Lakshmi Cement

India: JK Lakshmi Cement recorded consolidated sales of US$209m in the first quarter of the 2023 financial year, up by 25% year-on-year from US$167m in the first quarter of the 2022 financial year. The group’s net profit was US$14.5m, down by 15% from US$17.2m.

ZeeBiz News has reported that the producer experienced a 29% year-on-year increase in costs to US$188m, which it attributed to rising global fossil fuel prices.

India: JK Lakshmi Cement’s full-year consolidated sales were US$697m in its 2022 financial year, up by 14.6% year-on-year from US$608m in the 2021 financial year. The group’s net profit was US$61.5m, up by 13.4% from US$54.2m.

The producer said "Despite unabated increases in petcoke and diesel prices, which are hovering at all-time high, JK Lakshmi Cement was able to achieve healthy profitability through continuous improvements in operational efficiencies, energy costs, better product mixes and higher volumes."

India: JK Lakshmi Cement has partnered with the Society for Technology and Action for Rural Advancement (TARA) to integrate calcined clay technology into its operations in order to commence production of limestone calcined clay cement (LC3). United News of India has reported that the producer says that this type of composite cement reduces the product's clinker factor by 50% and its carbon footprint by 40%.

JK Lakshmi Cement said "This partnership will be a game-changer for the cement industry, giving impetus to its efforts in mitigating emissions, combating climate change and bringing a holistic change in the surrounding communities to create sustainable livelihoods in large numbers."

India: JK Lakshmi Cement recorded revenues of US$159m in the third quarter of its 2022 financial year, consistent with third-quarter levels in the 2021 financial year. Despite this, the company’s net profit declined by 42% year-on-year to US$7.91m from US$13.7m. Its operating costs grew by 4.6% to US$140m during the quarter.

India: Udaipur Cement Works has increased its solar power generation capacity by 43% through the installation of a new 4.35MW solar power plant at its Udaipur cement plant in Rajasthan. The 1.4Mt/yr cement plant now has a total solar power capacity of 14.5MW. Udaipur Cement Works says that solar power generated at the plant will reduce it operations’ CO₂ footprint by 14,000t/yr.

India: JK Lakshmi Cement resumed dispatches of cement as usual from its Durg cement plant in Chhattisgarh on 19 October 2021. India InfoLine News has reported that this followed the ending of a strike by the Chhattisgarh Cement Transport Association (CTA) on 18 October 2021.

The company said “The illegal strike called by the CTA has since been called off by them. It is hoped that normality will be restored shortly.”

India: JK Lakshmi has temporarily suspended dispatches of cement from its Durg cement plant in Chattisgarh. India Infoline News has reported that the producer had previously reduced its dispatches on 19 September 2021. This is due to disruption caused by a strike by the Chattisgarh Cement Transport Association. The producer has called the strike action ‘illegal.’ It said “Industry-wide negotiations are being held with State Government and we are hopeful of an amicable solution shortly.”

India: Udaipur Cement Work plans to increase its reliance on renewable power with the installation of a new 4.15MW solar power plant at its cement plant in Udaipur, Rajasthan. When operational, the installation will increase the Udaipur plant’s solar power capacity by 42% to 14.3MW. The producer says that its entire solar power apparatus will facilitate a reduction in CO2 emissions of 14,000t/yr. In the 2020 and 2021 financial years, the producer consumed 13,000MWh of solar power, reducing CO2 emissions by 10,000t.

India: JK Lakshmi Cement has launched an advertising campaign called ‘Show Strength.’ The campaign draws attention to the strength of the company’s cements while encouraging Indians to rely on the strength of their own effort and expertise to overcome the negativity holding the country back, according to Exchange4media. The advertising agency involved with the promotion said, “Show Strength captures the brand’s values, leadership stance and social intent. We are hoping to bring in desired results for the company through this campaign.”

India: JK Lakshmi Cement’s profit in the three-month period ending 31 June 2020, the first quarter of the Indian fiscal year, was US$5.93m, up by 13% year-on-year from US$5.26m in the three months to 31 June 2019. Sales fell by 20% to US$111m from US$140m due to the impacts of the coronavirus outbreak.