JK Cement plans ₹1,500-cr investment for expansion.

JK Cement plans to invest up to ₹1,500 crore in the next three to four years to hike production capacity of grey cement by over 30 per cent to 14 million tonnes per annum (mtpa), says a top company official.

The company is keeping its options of either setting up new units or expand at the existing plants to tap growth opportunities in the grey cement segment, with demand primarily expected to come from the government's push for big infra projects, besides uptick in rural housing and good monsoon.

'We are working to increase our installed manufacturing capacity for grey cement from 10.5 mt to nearly 14 mt at an investment of ₹1,000-1,500 crore,' JK Cement Business Head Rajnish Kapur told PTI.

HBL