J.K. Cement Limited has taken a significant step in expanding its footprint by entering a joint venture with Saifco Cements Private Limited, a leading cement manufacturer in Jammu & Kashmir. The deal involved both a primary issuance and a secondary acquisition of Saifco’s shares, marking a major consolidation move in the region’s cement industry.
Saifco operates a sprawling integrated manufacturing unit across 54 acres in Khunmoh, Srinagar, with a clinker capacity of 0.26 MTPA and a grinding capacity of 0.42 MTPA. The company also boasts extensive captive limestone reserves spanning 144.25 hectares, with a total minable reserve of 129 million tons.
With this strategic acquisition, J.K. Cement strengthens its position in one of India’s fastest-growing markets, leveraging Saifco’s resources to fuel infrastructure expansion in Jammu & Kashmir. The move aligns with national efforts to accelerate development in the region, positioning the joint venture as a key player in upcoming construction projects.
Over the next five years, the partners plan to scale up production, maximizing the potential of Kashmir’s vast limestone reserves. This transaction is poised to be one of the most significant in the region’s cement sector, setting the stage for a major industry transformation.
