JKCEMENT

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

• J K CEMENT - GETS LETTER OF INTENT FOR GRANT OF MINING LEASE FOR DOMMARNANDYALA BLOCK-3 LIMESTONE BLOCK

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

• J K CEMENT LTD - BUYS 26% STAKE IN TRUERE CURRENT PRIVATE LIMITED FOR 28.1 MILLION RUPEES

Source text: ID:nBSE3FYMXS

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

• J K CEMENT LTD - DECLARED AS 'PREFERRED BIDDER' FOR MINING LEASE KARUNDA LIMESTONE BLOCK-I

Source text: ID:nBSEnPxpW

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

• J K CEMENT LTD - INVESTS IN MEHRAUNI ELECTRO POWER PRIVATE LIMITED

• J K CEMENT LTD - ACQUISITION MADE FOR CASH CONSIDERATION OF 21 MILLION RUPEES

Source text: ID:nBSEz5qYs

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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

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

• J K CEMENT LTD - INCREASES MUDDAPUR GRINDING CAPACITY BY 1.00 MNTPA TO 4.50 MNTPA ON MARCH 19, 2026

Source text: ID:nBSEc2QvSv

Further company coverage: JKCE.NS

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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) - JK Cement JKCE.NS said on Thursday four of its workers were killed in an accident at one of its plants in central India.

The accident occurred at the cement maker's Panna plant in the state of Madhya Pradesh, which has been undergoing an expansion.

Fourteen more workers had minor injuries, the company said.

While JK Cement did not specify the nature of the accident, multiple local media reports said it was due to a slab collapse.

Local newspaper the Hindu reported that the top floor on an under-construction unit caved in. The cement maker did not immediately respond to Reuters' request seeking confirmation.

JK Cement has "taken action to extend all sorts of help to the affected families and (is) treating injured workers in (the) best possible way," it said in a statement.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Leroy Leo)

((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))

** 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

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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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