India: JK Lakshmi Cement says that it will invest US$201m in its on-going upgrade to its Udaipur cement plant. When commissioned before April 2024, the upgraded plant will have an integrated capacity of 1.5Mt/yr, and an additional grinding capacity of 1Mt/yr. The Hindu BusinessLine newspaper has reported that the project will help to raise JK Lakshmi’s capacity to 18Mt/yr.
Over the six-year period up to the end of the 2030 financial year on 31 March 2030, JK Lakshmi Cement plans to invest US$972m in growth. This will include both capital expenditure (CAPEX) and acquisitions of new capacity. Planned CAPEX projects include the construction of two new plants, at Kutch in Gujarat and Nagaur in Rajasthan. The producer said that the planned plants will strengthen its position in the West India market. As a result of its investments, JK Lakshmi says that it will become a top-10 Indian cement producer by 2030.
