New Delhi, Sept 24: JK Corp has achieved an upturn in its key business activities, according to the company's chairman and managing director Hari Shankar Singhania at the 60th annual general meeting here on Thursday. He also said that Lakshmi Cement plant was operating at full capacity.JK Paper Plant (JKPP) is also running at more than 100 per cent capacity utilisation, including its new pulp mill. Lakshmi Cement has achieved a 12.1 per cent increase in production in the first five months of the current year (April to August) and JK Paper 18.1 per cent over the corresponding period in the previous year.
Sales have been higher at 17.1 per cent and 22.5 per cent respectively for the same period.
Singhania said the company has intensified its efforts to maximize operational efficiencies, reduce costs, improve management of working capital and enhance market share.
As part of the restructuring plan, the company's 20 lakh tpa capacity Lakshmi Cement business is proposed to be consolidated with nearly 10 lakh TPA capacity of JK Udaipur Udyog Ltd, thus making it a 30 lakh cement business. The company has also synergised the marketing activities of the two cement units to incorporate large-scale operations.
Presently, JK Corp has a manufacturing capacity of 90,000 tpa of paper, 1.27 lakh tonnes of pulp and another 47,000 tonnes of paper capacity through Central Pulp Mills Ltd which it controls.
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