JK Cement Limited — JV/Acquisition, 06-06-2025: Acquisition

JK Cement has announced a board meeting on acquiring a 60% stake in Saifco Cements Private Limited for Rs. 149.81 Cr. Saifco runs an integrated plant in Srinagar with 0.26 MnTPA clinker and 0.42 MnTPA grinding capacity, generating turnover between Rs. 73-90 Cr in recent years. This deal boosts JK Cement’s geographic reach into Jammu & Kashmir and enhances its clinker and cement production capacities. Saifco becomes a subsidiary, giving JK Cement control over operations and strategic direction.