JK Lakshmi Cement Urges GST Cut, Plans Expansion in Bihar

06 Jan 2025 CW Team

JK Lakshmi Cement has urged the government to reduce GST on cement from 28% to 18% in the upcoming Budget to boost consumption of this critical building material. Arun Shukla, President and Director of JK Lakshmi Cement, emphasized the need for policy measures to support cement-driven infrastructure growth at the 'Bihar Business Connect 2024' meet.

"Cement is a major driver of economic growth," Shukla noted, highlighting its role in building world-class infrastructure. He also stressed the advantages of cement concrete roads, citing their cost-effectiveness and longevity over bitumen roads.

The company is investing Rs 5 billion in a manufacturing plant in Madhubani, Bihar, set to become operational within a year. Shukla lauded the Bihar government for its proactive support and fiscal incentives, describing the experience as "amazing."

JK Lakshmi Cement, part of the JK Organisation, has set a target to expand its annual capacity from 18 million tonnes to 30 million tonnes by 2030. The company is on track to add 12 million tonnes across various geographies, addressing an anticipated 7-8% annual demand growth.

Additionally, the JK Organisation is exploring investments in sectors like tyre and paper manufacturing, aligning with its diversified growth strategy.

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..