Business Daily from THE HINDU group of publications
Sunday, Jul 29, 2007
ePaper
Business Daily from THE HINDU group of publications Sunday, Jul 29, 2007 ePaper |
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Corporate Results
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Cement J.K. Cement net climbs 59% in Q1
Our Bureau Mumbai, July 28 J.K. Cement Ltd has reported a 59 per cent rise in net profit to Rs 52.5 crore in the first quarter ended June 30, 2007 against Rs 33 crore in the corresponding quarter last year. Turnover increased 17 per cent to Rs 326.4 crore (Rs 279.5 crore). The 20-MW power plant at its unit in Gotan, Rajasthan, is on trial run from July 18 and is expected to begin supplies from August. “Work on other captive power projects is in an advance stage of completion and would be completed in phases in the next four to five months,” the company said. The company expects substantial savings in power cost once the projects are commissioned. Nihon Nirman cement plant, which was acquired by the company in January, is expected to be operational by the third quarter of the financial year 2008.
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