Latest news with #JKLakshmiCement
Business Standard
2 days ago
- Business
- Business Standard
Udaipur Cement Works fixes record date for scheme of amalgamation
Record date is 25 August 2025 Udaipur Cement Works has fixed 25 August 2025 as record date for the purpose of determining the names of the eligible equity shareholders of the Company i.e. Udaipur Cement Works (Amalgamating company 1) to whom equity shares of Amalgamated company i.e. JK Lakshmi Cement will be issued and allotted pursuant to the Scheme, as under: for 100 equity shares of face and paid-up value of Rs 4 (Indian Rupees four) each held in the Amalgamating Company 1, 4 equity shares of face and paid-up value of Rs 5 (Indian Rupees five) each in the Amalgamated Company.
Time of India
12-07-2025
- Automotive
- Time of India
Why India's e-truck incentive scheme can be a gamechanger for the economy and the environment
On July 11, 2025, when the Ministry of Heavy Industries officially released guidelines for subsidies under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, it marked a historic moment for India's transport sector. For the first time, electric trucks (e-trucks) are being supported by specific incentives at the national level. With a budget allocation of ₹500 crore aimed at supporting around 5,500 e-trucks, this initiative provides a critical push to decarbonize India's freight sector—one of the largest and fastest-growing sources of emissions in the country. Under the new guidelines, medium- and heavy-duty trucks (MHDTs), which are those with a gross vehicle weight of 3.5 tonnes and above, are eligible for subsidies of ₹5,000 per kWh of battery capacity. These subsidies are capped between ₹2.7 lakh and ₹9.6 lakh per vehicle, depending on the different categories of gross vehicle weight, and provide meaningful cost relief for early adopters. Until now, national-level schemes such as FAME I and FAME II have largely focused on electric passenger vehicles including private two- and three-wheelers and public buses. While there was some provision for the electrification of smaller light commercial vehicles, it was limited. Furthermore, earlier initiatives like the Jawaharlal Nehru National Urban Renewal Mission primarily targeted buses and urban transport infrastructure. By including e-trucks, the PM E-DRIVE scheme is recognizing the critical role of goods movement in India's transport ecosystem. Here's why this shift can be a gamechanger both economically and environmentally. 1. Accelerated climate action and improved air quality E-trucks are central to India's climate commitments. Life-cycle assessments have estimated that greenhouse gas emissions from e-trucks are 17 per cent–37 per cent less than from diesel trucks, even with today's power grid. When powered by renewable energy, these life-cycle emissions drop by as much as 85 per cent–88 per cent. To meet its long-term climate targets—including achieving net-zero emissions by 2070—analysis by the ICCT projects that India will need 100 per cent zero-emission trucks in new sales by mid-century. Moreover, as e-trucks produce no tailpipe emissions, they are vital for improving air quality in freight hotspots such as ports, warehouses, logistics hubs, and industrial clusters. This leads to better public health outcomes for communities living near these zones. 2. Reduced operating costs and unlocking industrial use cases Although e-trucks currently cost 2 to 3.5 times more to purchase than equivalent diesel trucks, their lower operating and maintenance costs help narrow the total cost of ownership gap to about 1.2–1.5 times. The PM E-DRIVE subsidies help bridge this gap even further and make e-trucks more attractive to fleet operators. Industries such as cement, steel, and port logistics offer promising early-adopter use cases. JK Lakshmi Cement, UltraTech Cement, JSW Cement, Tata Steel, and the Jawaharlal Nehru Port Trust have already begun piloting e-truck deployments for closed-loop freight movement. With effective charging infrastructure and strategic deployment, these pilots can succeed in demonstrating economic and operational viability. 3. Strengthened domestic manufacturing and supporting innovation To qualify for subsidies, e-truck models must meet phased manufacturing program (PMP) guidelines that promote indigenous production of key components like battery packs, battery management system (BMS), motors, heating, ventilation, and air conditioning (HVAC) systems, converters, and controllers. When combined with the Production-Linked Incentive (PLI) schemes for automotive components and advanced battery cells launched in 2021, this could substantially boost India's e-truck manufacturing ecosystem. India is the world's third-largest trucking market and the seventh-largest truck exporter. As global markets transition to electric freight, domestic capacity building will be essential to maintain India's competitiveness, create jobs, and ensure long-term value creation. 4. Improved logistics efficiency and reduced fuel dependency In recent years, India's logistics costs were estimated at around 14 per cent of gross domestic product—higher than the global average. About 70 per cent of freight moves via road, and fuel expenses are a substantial share of transport costs. By reducing fuel dependency, e-trucks can improve logistics cost as a share of gross domestic product and contribute to energy security. Moreover, transport contributes 14 per cent to India's total greenhouse gas emissions, and MHDTs are 40 per cent of that share. Electrifying this segment is therefore not just economically beneficial but also an environmental imperative. The PM E-DRIVE scheme is a vital first step in transitioning India's trucking sector towards a clean and atma-nirbhar (self-reliant) future. The Ministry of Heavy Industries has now addressed this long-overlooked segment and laid the foundation for systemic change. And it is only the beginning. For the transition to scale, the next frontiers include investing in nationwide charging infrastructure, facilitating access to affordable financing for fleet operators, and establishing long-term regulatory pathways. An important complementary step would be a swift rollout of the proposed fuel efficiency standards for MHDTs by the Bureau of Energy Efficiency, as such standards help level the playing field and drive faster adoption. The question is no longer if India will electrify its trucking fleet, but how fast it can lead the global charge. With the right mix of policies, industry collaboration, and public investment, India can set a benchmark for sustainable freight in the 21st century.
Business Upturn
07-07-2025
- Business
- Business Upturn
JK Lakshmi Cement declared highest bidder for 630ha limestone mining and cement plant project in Assam
JK Lakshmi Cement has achieved a major milestone by being declared the 'H1 Bidder' (highest bidder) by Assam Mineral Development Corporation Ltd. (AMDCL) for a significant mining and cement manufacturing project in the state of Assam. The project involves taking on the role of Mine Developer and Operator (MDO) for limestone excavation across a combined area of 630 hectares at the New Umrangso Limestone Mines. The scope also includes setting up a fully integrated greenfield cement manufacturing plant, along with value-added products, right within Assam. The company received a Letter of Intent (LoI) from AMDCL on Saturday, July 5, 2025. Although it came over the weekend, JK Lakshmi Cement reviewed the letter today and officially disclosed the development. This opportunity came after AMDCL, under the Assam government's Department of Mines & Minerals, initiated a tender on May 19, 2025, for this combined mining and manufacturing project. Following an e-auction process, JK Lakshmi Cement emerged as the top bidder. As part of the next steps, the company is required to provide a performance guarantee and deposit an upfront amount that will go toward payments for the limestone to be supplied by AMDCL. These financial commitments are in line with the terms set out in the tender document. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
02-07-2025
- Business
- Business Standard
UltraTech, Ramco, Dalmia, JK Lakshmi Cement hit 52-wk highs in weak market
Cement companies' share price today: Shares of cement companies are in demand, rallying by up to 4 per cent on the BSE in Wednesday's intra-day trade in an otherwise weak market on a positive outlook. JK Lakshmi Cement surged 4 per cent to hit a 52-week high of ₹995 on the BSE. The stock price of the company is trading close to its multi-year high level of ₹998.40, which it had touched in February 2024. Shares of UltraTech Cement hit an all-time high of ₹12,532.15, gaining 3 per cent in intra-day trade today. The stock price of the cement giant has surpassed its previous high of ₹12,341, hit on April 28, 2025. Dalmia Bharat (₹2,244.40) and Ramco Cement (₹1,101.10), up 2 per cent, are trading at their respective 52-week high levels. In comparison, the BSE Sensex was down 0.53 per cent at 83,265 at 01:40 PM. Indian cement industry overview Cement demand registered a moderate growth of 4-5 per cent in FY2024-25, following a healthy 11 per cent compounded annual growth rate (CAGR) from FY2022-24. This moderate growth was primarily due to a high base from the previous fiscal year and a slowdown in construction activity during the first half of the current fiscal year, owing to an extended heatwave and labour unavailability due to elections. Furthermore, in FY 2025-26, cement demand growth is expected to rebound by 6-7 per cent owing to traction from the infrastructure and rural housing segments, JK Cement said in its FY25 annual report. The outlook for the cement sector is positive in the coming year, given the Government's continuous focus on infrastructure development, higher budgetary allocation and various other initiatives for housing and road development. The infrastructure segment's share has doubled from 11-13 per cent in FY2012-13 to 29-31 per cent in FY2023- 24, with a corresponding reduction in the share of housing, industrial and commercial demand. Going forward, JK Cement expect the infrastructure segment share to rise further to 32-34 per cent by FY 2028-29 due to the continued increase in central and state capital expenditure on roads, railways, metros, airports, and irrigation. Demand will be mainly driven by higher growth in the infrastructure and industrials segments as compared to the housing segment. Share of housing in total cement demand is estimated to decline marginally to 53-58 per cent over the next 3-4 years, while the share of infrastructure and industrials in total cement demand is estimated to improve to 42-47 per cent. Cement supply is estimated to be at 6 per cent CAGR over the period FY25-30, which would be lower than the demand CAGR of 7 per cent over the same period. As the demand is likely to outpace supply, the industry's capacity utilisation is expected to improve gradually, which will help in the improvement in cement prices, according to ICICI Securities.
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Business Standard
27-06-2025
- Business
- Business Standard
UltraTech, JK Lakshmi, Shree Cement, ACC rally up to 6% on positive outlook
Cement companies share price today Shares of cement companies JK Lakshmi Cement, Shree Cement, India Cement, ACC, Ambuja Cements, JK Cement and UltraTech Cement rallied up to 6 per cent on the BSE in Friday's intra-day trade on expectations of growth recovering in cement sector in the current financial year 2025-26 (FY26). UltraTech Cement was up 2 per cent at ₹12,134.90 in intra-day trade. The stock was quoting close to its 52-week high level of ₹12,341 touched on April 28, 2025. Thus far in the month of June 2025, UltraTech Cement has rallied 8 per cent. Shares of JK Lakshmi Cement surged 6 per cent to ₹894 amid heavy volumes. In the past four trading days, the stock appreciated by 10 per cent. It had hit a 52-week high of ₹935 on June 27, 2024. Cement sector outlook In the short term, the sector will likely face seasonal challenges due to monsoon related weakness, affecting demand and pricing. However, analysts at Elara Capital expect demand growth to rebound in FY26, driven by improved execution of government initiatives, such as the Pradhan Mantri Awaas Yojana - Gramin (PMAY-G), and increased irrigation spending. Capacity addition will continue, keeping utilization range-bound. As the industry enters a lean season, profit margin may see a near-term peak in Q1FY26. Investors may consider reducing their positions after Q1FY26 results to avoid short-term underperformance, the brokerage firm said. With the early onset of the monsoon, muted demand in the initial months, and anticipated volume push towards end-Q1FY26, cement prices are likely to come under pressure. Structurally, analysts said they are positive on firms with greater presence in North and North-East. UltraTech is well placed to gain market share due to its consistent strategy. Meanwhile, cement pricing momentum moderated in June 2025, with the all-India average price declining by ~1 per cent month-on-month (MoM). Further, due to sluggish demand trends since the beginning of 1QFY26, followed by regional challenges (heat wave, unseasonal rains, labor unavailability), analysts at Motilal Oswal Financial Services estimate industry demand growth to be in low to mid-single digits year-on-year (YoY) in Q1FY26, despite having a low base. The brokerage firm estimates that higher prices and cost-saving measures are likely to improve profitability in Q1FY26. The brokerage firm maintains a positive outlook on the cement sector due to resilient pricing trends despite the early onset of the monsoon in major parts of the country, higher consolidation, and favorable fuel prices.
