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JK Cement's focus on expansion will bolster volumes but keep debt elevated

The company has planned capex of ₹1,200 crore in FY24, ₹2,200 crore in FY25, and ₹1,800 crore in FY26. At the end of December 2023, its gross debt stood at ₹4,585 crore, and this is expected to peak at ₹5,600 crore by FY26. ....

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JK Cement To Enter Paint Business; Shares Tank Over 11%

Cement manufacturer JK Cement has announced its foray into the paint business. The company's board had met on Saturday and cleared the proposal to enter the paint sector with an investment of Rs 600 crore infused over a period of five years. ....

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