JK Cement Ltd has been awarded the Mahan coal mine in Madhya Pradesh’s Singrauli district, marking its second success in acquiring commercial coal blocks. The mine holds geological reserves of about 107.4 million tonnes of coal and has a peak-rated production capacity of 1.2 million tonnes annually.
This acquisition follows JK Cement’s earlier win of the West of Shahdol (South) coal block. The company aims to use coal from these mines to meet the energy needs of its existing cement plants and upcoming projects, while any surplus will be sold commercially.
The vesting order for the Mahan coal mine was presented during a ceremony held at Shastri Bhawan in New Delhi, signaling the initiation of mining operations within the required timeframe. Despite this achievement, JK Cement reported a 23% year-on-year decline in consolidated net profit to ₹136.2 crore for Q2 FY24, with revenue slipping 7% to ₹2,560.1 crore.
JK Cement Ltd. is among India’s leading manufacturers of grey cement and a global leader in white cement production. Since its inception in 1975 with the establishment of its flagship grey cement plant in Nimbahera, Rajasthan, the company has consistently supported India’s infrastructure needs through high-quality products and cutting-edge technology.
With an installed grey cement capacity of 24.3 MTPA, JK Cement has a robust presence across 15 states in India, with a strong foothold in Uttar Pradesh and Madhya Pradesh. The company’s white cement division, with a production capacity of 1.48 MTPA, serves 36 countries worldwide, supported by its subsidiaries in Fujairah and Africa.
