Recording another year of extraordinary growth, JK Cement tripled its market capitalization to $3 billion in the last financial year, reaffirming its position as one of the fastest growing firms in the cement industry.
Celebrating the surging victory and paying tribute to the tremendous contribution of former MD Yadupati Singhania, JK Cement has launched a contemporary and forward-looking corporate brand identity which is in sync with the changing times while sturdily reflecting the firm’s core values and a rich legacy of trust. The brand-new avatar of JKCement was officially revealed at a virtual event by Dr Raghavpat Singhania, MD, JK Cement; Madhavkrishna Singhania, dy MD and CEO; and AK Saraogi, dy MD and CFO.
“Our new corporate identity is inspired by Yadupati Singhaniaji’s vision, values and legacy. We have
been on a journey of transformation that reflects in our focus on developing people, building strong brands, creating value for all stakeholders, diversification and digitization. We wanted to introduce a new logo that commemorates Yadupatiji’s memory and also represents our Organization’s vision for the future,” stated Dr Singhania.
Continuing on the growth map, the firm has expanded and strengthened its production capacities, having already augmented the installed capacity by 4.2 million tonnes in the past 2 years, scripting a 40% growth. Owing to the growing demand of the wall putty sector, the firm also augmented its production capacity by 3 LTPA at its wall putty unit in Katni, MP, making it the largest manufacturing plant of Wall Putty in India.
Madhavkrishna Singhania stated, “In line with our growth aspirations we have announced the setting up of a green-field integrated grey cement plant with a split grinding unit, having a capacity of 4 MnTPA in Panna, Madhya Pradesh with a total investment of Rs 2,970 cr. This expansion will help us to meet our commitment to serve our customers in the best way possible and improve our footprint in the country. We have also successfully commissioned a new grey cement grinding unit of 0.7 MnTPA at Balasinor, strengthening our foundations in Gujarat.”
“We have always worked towards reducing our carbon footprint and have also made a shift to green-technology with focus on alternate fuels and raw materials and setting up of more solar, wind and waste heat recovery sources of energy generation. In this regard, we have also set-up Waste Heat Recovery power generators at our manufacturing units.” added Dr. Raghavpat Singhania, stressing on the company’s ESG initiatives.
