JKCEMENT

March 27 (Reuters) - J K Cement Ltd JKCE.NS:

• J K CEMENT LTD - APPROVES AGREEMENT TO BUY 0.24 MNTPA CEMENT GRINDING ASSETS AND 34 ACRES LAND

• J K CEMENT LTD - ACQUISITION VALUED AT 287.9 MILLION RUPEES

Source text: ID:nBSEwYjsN

Further company coverage: JKCE.NS

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March 19 (Reuters) - J K Cement Ltd JKCE.NS:

• PREFERRED BIDDER FOR ITAURI-JHARKUA LIMESTONE BLOCK IN PANNA, MADHYA PRADESH

• LIMESTONE BLOCK SPREADS OVER 350 HECTARES

Source text: ID:nBSE4jNyD0

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March 17 (Reuters) - J K Cement Ltd JKCE.NS:

• UNIT RECEIVES NOTICE FROM LEGAL METROLOGY DEPARTMENT, JAMMU AND KASHMIR

• DIRECTION TO HALT PACKAGING OF CEMENT PRODUCTS ALONG WITH THEIR WEIGHT

Source text: ID:nBSE3Qwyd4

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Jan 29 (Reuters) - J K Cement Ltd JKCE.NS:

• COMMISSIONED 3 MTPA CEMENT GRINDING UNIT AT JK CEMENT WORKS, BUXAR

Source text: ID:nNSE3WTmvf

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** J K Cement JKCE.NS rise 1.6% to 7,059 rupees

** ICICI Securities upgrades to "buy" from "add"

** Lifts PT to Street-high of 8,500 rupees from 7,100 rupees, per data complied by LSEG

** Notes 10-year analysis of cement majors suggests co to be most improved entity, not just in EBITDA margins but also in terms of RoE

** Says co mirrors Shree Cement's SHCM.NS high-growth phase (FY14–18) when it commanded an average premium valuation of 22x EV/EBITDA

** Expects capacity to grow from ~24mtpa in FY25 to ~38mtpa by Q2 FY28, driven by new projects in Jaisalmer; potential brownfield expansions in Muddapur and Panna will put co on track to surpass 50mtpa swiftly

** YTD, JKCE gains 54%

(Reporting by Urvi Dugar)

((UrviManoj.Dugar@thomsonreuters.com))

Aug 15 (Reuters) - J K Cement Ltd JKCE.NS:

• APPROVES GREEN FIELD EXPANSION OF 7 MNTPA

• EXPANSION INVESTMENT ESTIMATED AT 48.05 BILLION RUPEES

Source text: ID:nBSE6WXWl

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July 25 (Reuters) - J K Cement Ltd JKCE.NS:

• J K CEMENT LTD - JK CEMENT DECLARED PREFERRED BIDDER FOR LIMESTONE BLOCK IN JAISALMER

Source text: ID:nBSE6x4x4s

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June 6 (Reuters) - J K Cement Ltd JKCE.NS:

• J K CEMENT LTD - PAID 1.50 BILLION RUPEES FOR 60% STAKE IN SAIFCO

Source text: ID:nNSE75h7n2

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April 11 (Reuters) - J K Cement Ltd JKCE.NS:

• TO CONSIDER RAISING UP TO 5 BILLION RUPEES VIA NCDS

Source text: ID:nBSE9166yJ

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Jan 30 (Reuters) - J K Cement Ltd JKCE.NS:

• ACCIDENT AT PANNA EXPANSION SITE: 4 CASUALTIES, 14 INJURED

• PANNA LINE-1 OPERATIONS CONTINUE NORMALLY

Source text: ID:nBSE1P1cCf

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** Jefferies raises PT on India's JK Cement JKCE.NS after the mid-cap cement maker's Q3 core profit margin jumps 53% quarter-on-quarter

** Brokerage says co has been able to improve premium product mix to 16%, clocking highest premium mix vs past

** Co's adjusted EBITDA or core profit per metric ton at Rs 1040, highest among listed peers who have reported earnings - Elara

** Adds, sequential recovery aided by better prices in North India and lower maintenance spending

** Cement firms have issued positive commentary for upcoming quarters on price hikes being absorbed by market and improving demand, after months of downtrend in both

** JKCE largely flat at 4759 rupees on Tuesday; up 13.2% in the last 12 months

** Stock rated "Buy" on avg by 22 analysts; median PT at 5123 rupees - LSEG data

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))

Jan 20 (Reuters) - J K Cement Ltd JKCE.NS:

• TAX DEMAND OF 1.75 BILLION RUPEES IS DELETED AFTER RECTIFICATION ORDER

Source text: ID:nBSE1mZKRj

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Dec 19 (Reuters) - J K Cement Ltd JKCE.NS:

• JK CEMENT WINS BID FOR MAHAN COAL MINE IN MADHYA PRADESH

Source text: ID:nBSE5ypyGZ

Further company coverage: JKCE.NS

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** Shares of cement makers Ultratech Cement ULTC.NS and JK Cement JKCE.NS rise 2.5% and 4.5%, respectively

** ULTC is the top Nifty 50 .NSEI gainer by percentage, while JKCE is among the top gainers in Nifty 500 .NIFTY500 and Nifty Midcap 150 .NIMI150 indexes

** Uptick comes after Jefferies and Antique Stock Broking identify the two cement makers as the top picks in the sector, among large-caps and mid-caps, respectively

** Both brokerages say checks indicate an improvement in demand and cement companies are likely to hike prices by this month

** Jefferies expects 8%-10% volume growth in H2 of FY 2025 for cement firms after flat growth in H1

** ULTC shares up 9.3% in 2024 so far, while JKCE has gained 18% compared to an 11% rise in benchmark Nifty 50 -LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

** Shares of India's J K Cement JKCE.NS rise 3.3% to 4784 rupees

** Brokerage Motilal Oswal hikes PT to 5600 rupees from 5150 rupees earlier, retains "buy" rating on co

** Says cost savings "in focus" for co, and cost structure has improved

** Says co's long-term capacity target of 50 MTPA by FY30 "in-line" with estimates

** Given co's expansion plans, see net debt to peak out in FY26 - brokerage

** Motilal's TP 15.5% higher than median TP of 4,850 rupees - LSEG data

** YTD stock has gained ~27%

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))

Aug 23 (Reuters) - J K Cement Ltd JKCE.NS:

• J K CEMENT LTD - RE-APPOINTS AJAY KUMAR SARAOGI AS DEPUTY MD, CFO

Source text for Eikon: ID:nNSE8v7k8G

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July 19 (Reuters) - J K Cement Ltd JKCE.NS:

• J K CEMENT - TAX DEPARTMENT QUASHED DEMAND OF 578.4 MILLION RUPEES

Source text for Eikon: [ID:]

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July 1 (Reuters) - J K Cement Ltd JKCE.NS:

• J K CEMENT LTD - SUMNESH KHANDELWAL, DY. CFO OF CO TENDERS RESIGNATION

Source text for Eikon: ID:nBSE98xJBy

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June 26 (Reuters) - J K Cement Ltd JKCE.NS:

• SUCCESSFULLY COMMENCED CEMENT GRINDING CAPACITY OF 2MNTPA

• UNIT COMMENCED CEMENT GRINDING CAPACITY OF 2MNTPA

• COMPAY'S TOTAL GREY CEMENT INSTALLED CAPACITY HAS INCREASED TO 24.34 MNTPA

Source text for Eikon: ID:nBSE27RnV5

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May 2 (Reuters) - J K Cement Ltd JKCE.NS:

• SIGNED WITH NOMINATED AUTHORITY OF MINISTRY OF COAL, COAL MINE DEVELOPMENT AND PRODUCTION AGREEMENT

• AGREEMENT FOR WEST OF SHAHDOL (SOUTH) COAL BLOCK

Source text for Eikon: ID:nNSE4Fwf0H

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March 19 (Reuters) - J K Cement Ltd JKCE.NS:

• SUBMISSION OF WINNING BID FOR MAHAN COAL BLOCK AND WEST OF SHAHDOL (SOUTH) COAL BLOCK

Source text for Eikon: ID:nBSE6wqFTS

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** Shares of JK Cement JKCE.NS rise 3.3% to hit record high of 4,540.20 rupees apiece

** Brokerage Motilal Oswal says achievement of 90% capacity utilisation from co's Madhya Pradesh plant, within one year of commissioning, to aid volume growth

** Adds, JKCE's capacity expansion strategy, better regional mix and rising green energy share to reduce operating costs and aid earnings

** Brokerage raises JKCE's PT to 5,050 rupees from 4,700 rupees, 15% higher than Monday's close; reiterates "buy" rating

** Motilal Oswal's PT is third highest among 21 analysts covering stock, with median PT of 4,406.50 rupees; the mean analyst rating is equivalent to "buy" - LSEG data

** Stock on course for fifth consecutive session of gains, if gains hold; up 7.4% over the period

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

Feb 21 (Reuters) - J K Cement Ltd JKCE.NS:

• AGREED TO MODIFY TERMS OF ACQUISITION OF TOSHALI CEMENT

• TOTAL COST OF ACQUISITION IS 900 MILLION RUPEES TO ACQUIRE 100% EQUITY OF TOSHALI

Source text for Eikon: ID:nBSE1Jrm9J

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Jan 20 (Reuters) - J K Cement Ltd JKCE.NS:

• DEC-QUARTER PAT 2.89 BILLION RUPEES VERSUS 576.5 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 27.85 BILLION RUPEES VERSUS 23.4 BILLION RUPEES

• APPROVED EXPANSION OF 6 MNTPA WITH CAPITAL OUTLAY OF 28.5 BILLION RUPEES

• PROPOSED TO RAISE BORROWING UPTO 18.50 BILLION RUPEES

Source text for Eikon: ID:nBSE81srvs

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Jan 19 (Reuters) - J K Cement Ltd JKCE.NS:

• RECEIVED ASSESSMENT ORDER FOR DEMAND OF 1.75 BILLION RUPEES

• ERRONEOUS ADDITIONS HAVE BEEN MADE IN ORDER

• SET OFF OF MAT CREDIT HAS NOT BEEN ALLOWED

• ORDER SHALL BE CONTESTED BY WAY OF RECTIFICATION APPLICATION AND APPEAL

• THERE IS NO MATERIAL IMPACT ON FINANCIAL, OPERATION OR OTHER ACTIVITIES OF CO

Source text for Eikon: ID:nBSE6bmJ1X

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Jan 4 (Reuters) - J K Cement Ltd JKCE.NS:

• RECEIVED SHOW CAUSE NOTICE INVOLVING 23.2 MILLION RUPEES FROM OFFICE OF DEPUTY COMMISSIONER OF INCOME TAX (TDS) KANPUR

• NO MATERIAL IMPACT ON FINANCIAL, OPERATION OR OTHER ACTIVITIES OF CO

Source text for Eikon: ID:nNSE58lq2k

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Dec 26 (Reuters) - J K Cement Ltd JKCE.NS:

• UNIT HAS WRITTEN OFF AN AMOUNT EQUIVALE TO 4.05 BILLION RUPEES TOWARDS IMPAIRMENT OF ASSETS IN ITS BOOK OF ACCOUNTS

• REITERATE, CLARIFY THAT CO ALREADY MADE PROVISION TOWARDS IMPAIRMENT IN FY 2019-20, 2020-21 AND 2021-22

• PRESENT WRITEOFF WILL NOT AFFECT PROFITABILITY OF CO FOR FY 2023-2024

Source text for Eikon: ID:nNSE4bq33q

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Nov 30 (Reuters) - J K Cement Ltd JKCE.NS:

• CO ACQUIRED FURTHER 655,999 SHARES OF NAY ENERGY THROUGH RIGHT ISSUE

• INVESTMENT OF CO IN NAY ENERGY SHALL BE REMAIN SAME AT 26% AFTER ACQUISITION OF SHARES

• COST OF ACQUISITION AT ABOUT 9.5 MILLION RUPEES

Source text for Eikon: ID:nNSE9dwYfq

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Oct 30 (Reuters) - J K Cement Ltd JKCE.NS:

• INVESTMENT IN EQUITY SHARE OF FOUR SPVS SUPPLYING RENEWABLE POWER

Source text for Eikon: ID:nBSE1Cndml

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July 6 (Reuters) - J K Cement Ltd JKCE.NS:

• JK MAXX PAINTS AT SECOND TRANCHE INVESTED 602.4 MILLION RUPEES TOWARDS ACQUISITION OF 20% SHARES OF ACRO PAINTS

Source text for Eikon: ID:nNSEwzSgy

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