Six Month Call
JK Cement
JK Cement reported a 59% rise in net profit to Rs 52.5 crore for the quarter ended June 30, 2007 , against Rs 33 crore during the corresponding quarter last year. Turnover increased by 17% to Rs 326.4 crore (Rs 279.5 crore). The company, which currently has a capacity of 4.4 million tonnes, is expanding capacity at two locations – the green-field plant at Muddapur in Karnataka with a capacity of 3.5 million tonnes and Nihon Nirman in Rajasthan near Gotan (0.4 million tonnes). With the two plants, the company's capacity will increase to over 8 million tonnes by March 2009. The company has begun trial run of 20 MW pet coke-based captive thermal power plant. Waste heat recovery power plant is likely to be commissioned in Q3FY08. The company expects saving in power cost of Rs 175-200 per tonne after completion of all projects.
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