News
Udaipur Cement Works Limited Doubles Its Clinker Capacity To 3 Million Tonnes/Year
Udaipur, October 20, 2023: Udaipur Cement Works Limited (UCWL), a subsidiary of JK Lakshmi Cement Ltd, has announced the commissioning of its Clinkerisation Unit of 1.50 Million Tonnes Per Annum (MTPA) at Udaipur. With this, the Company doubled its Clinker capacity from 1.50 MTPA to 3 MTPA, says a press release issued by the company.
Shrivats Singhania, Director & CEO of Udaipur Cement Works Limited, emphasized the importance of adapting to market dynamics, saying, “To sustain and flourish in this demanding and competitive market, it is imperative for us to adapt, cater and grow with the consumption trends. We foresee a substantial uptick in the cement demand in the upcoming years, and this expansion project is our response to ensure a smooth and resilient supply chain that can effectively cater to this escalating demand. With this clinker capacity expansion, we are well-prepared to serve our customers and partners efficiently. I am delighted to share that our commitment to expansion remains unwavering, and by the end of FY 23-24, our total cement capacity will more than double to 4.7 MTPA from the existing 2.2 MTPA.”
This Capacity Expansion of the Company has been funded through a Mix of Debt & Equity. The Company has recently successfully completed its Rights Issue of Rs.450 Crores.
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