JK Lakshmi Cement's subsidiary expands production capacity at Udaipur
The subsidiary of JK Lakshmi Cement, Udaipur Cement Works (UCWL) has increased its cement production by expanding its clinker facility. Firm announced the commissioning of its clinkerisation unit of 1.50mtpa at Udaipur.
As per UCWL, the expansion project is in response to ensure a smooth and resilient supply chain that can effectively cater to this escalating demand. By the end of FY 23-24, the total cement capacity will more than double to 4.7 MTPA from the existing 2.2 mtpa.
The capacity expansion has been funded through a mix of debt & equity. It has recently completed its rights issue of Rs 450 crores.
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