| The Company is promoted by Dr. Gaur Hari Singhania, Mr. Yadupati
Singhania, Yadu International Limited and Juggilal Kamlapat Holding
Limited. The Company was incorporated under the Companies Act as
J.K. Cement Limited on November 24, 1994 and obtained its certificate
of commencement of business on the same date. One of the main
objects of the Company, as contained in our Memorandum of Association,
is the acquisition of the whole or substantially the whole of the
undertakings and properties comprising the JKSL Cement Division.
Due to continuous losses, the net worth of JKSL became negative and
consequently, JKSL applied to the BIFR which registered JKSL as a
sick company on April 2, 1998. Subsequently, the matter was referred
to the AAIFR, which formulated a Scheme of Rehabilitation for JKSL.
Pursuant to the Scheme of Rehabilitation, the JKSL Cement Division
was acquired by the Company as a `going concern' on `as-is-where-is' basis
through a slump sale, with effect from November 4, 2004. Prior to the
acquisition, the Company did not have any substantial business activity.
Key Events
The key events in respect of the JKSL Cement Division and the Company
are set forth below:
Year
1975
The grey cement plant at Nimbahera, with an initial capacity of 0.3 MnTPA,
commenced commercial production
1979
A second production line was added at Nimbahera, increasing the capacity
from 0.3 MnTPA to 0.72 MnTPA
1982
A third production line was added at Nimbahera, increasing the capacity
from 0.72 MnTPA to 1.14 MnTPA
1984
Lime-based white cement plant was established at Gotan, with an initial
capacity of 0.05 MnTPA
1987
A captive thermal power plant was installed at Bamania
1988
A pre-calciner was installed at Nimbahera, increasing the total capacity to
1.54 MnTPA
1990
The JKSL Cement Division instituted "Architect of the Year" award
1994
(i) The Company was incorporated
(ii) The "Regional Training Centre" for Northern India, which was
established at the Nimbahera plant of the JKSL Cement Division with
aid from the World Bank and the Danish International Development Agency,
commenced service
2000
-The total capacity of the white cement plant at Gotan was increased to 0.3 MnTPA as a result of continuous modernization and upgradation
2001
-A new grey cement plant with a capacity of 0.75 MnTPA was installed at Mangrol
2004
-The Company acquired the JKSL Cement Division
-The total capacity of the grey cement plant at Nimbahera was increased to 2.8 MnTPA as a result of continuous modernization and upgradation
2005
- The Company allotted 7,426,950 Equity Shares to the shareholders of JKSL pursuant to the AAIFR order dated January 23, 2003
-The Company was listed on the BSE
2006
-JK Cement has finalised the issue price of its recently concluded initial public offering (IPO) at Rs 148 per share.
-JK Cement Limited has informed that w.e.f. 16.12.2006 Mr. Manish Bajpai Company Secretary and Compliance Officer of the company has resigned and in his place Mr. Ashish Sabharwal has been appointed as Company Secretary.
2007
-JK Cement Limited has appointed Dr. K.B. Agarwal as Additional Director of the Company to hold office until the conclusion of next Annual General Meeting.
2008
-"Productivity Excellence Award, 2007-08" from the Rajasthan State Productivity Council.
2009
-JK Cement - Commencement of Commercial production.
2011
-J&K Cements posts Rs 50 cr revenue till Nov this fiscal.
-"Productivity Excellence Award, 20010-11" from the Rajasthan State Productivity Council.
2012
-Our Maliakhera Mine was awarded the first prize in Mine Lighting & Electrical Installation and Storage, Transport, Handling & Use of Explosives (2012)
-Nimbahera Mine - Awarded the first prize in Maintenance of Mine Plans, Sections & Statutory Records and second prize in Publicity, Propaganda & House Keeping (2012)
-Tilakhera Mines - Awarded first prize in Publicity, Propaganda & House Keepingand second prize in Maintenance of Mine Plans, Sections & Statutory Records (2012).
2013
-JK wins Bhamashah Award by Govt. of Rajasthan.
2014
-JK awarded First Prize for Scientific Development of Mineral Deposit and Waste Dump Management at 14th Mines Environment and Mineral Conservation Week 2014 (Udaipur Region).
-JK has commenced Production and dispatch of cement from its new cement manufacturing facilities at J.K.Cement Works.
-JK Cement commenced Production of the JK Cement Works, Jharli, a Unit of the Company having grey cement grinding capacity of 1.5 Million Ton Per Annum located at Jharli.
2016
-JK Cement successfully commenced commercial dispatches from its white cement based Wall Putty manufacturing plant at J.K.White, Katni in M.P.
2018
-JK Cement recognized amongst the Most Desirable 30 Power Brands 2018
2019
-JK cement earmarked Rs.200crore for Grinding Unit at Aligarh
-JK Cement currently has installed grey cement capacity of 10.5MPTA.
-JK Cement was awarded the Best Growth Performance in the Cement category at Dun & Bradstreet Corporate Awards 2019
2020
-JK Cement Muddapur awarded with three prestigious awards in 9th GreenCo International Summit 2020
2021
-JK Cement Ltd. was awarded "India's Top Challenger 2020-21" at the 19th Construction World Global Awards 2021
2022
-JK Cement Commencement Of Clinker Production At Panna, M.P.
-JK Cement Ltd. received "The Economic Times Future Ready Organisations 2022 Award in the Large Scale category".
-JK Cement Works, Mangrol wins the 22nd Annual Greentech Environment Award 2022.
2023
-JK Cement Acquired Equity Shares of Nay Energy Pvt Ltd.
2024
-The Company Informed Scheme of Amalgamation of Toshali Cements Pvt Ltd with J.K. Cement Ltd..
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