Partnership to implement best sustainability practices
JK Cement is solidifying its presence in Northern India, reaffirming commitment to contributing to India’s progress through sustainable and strategic investments.
Stating this, JK Cement Joint MD and CEO Madhavkrishna Singhania said on 7 June, “We are strategically positioned to build a robust presence in Jammu and Kashmir following the acquisition of 60% stake in Srinagar-based Saifco Cements Pvt Ltd.
“This acquisition represents a significant milestone for us, solidifying our presence in Northern India and reaffirming our commitment to contributing to the nation’s progress through sustainable and strategic investments https://www.conexpoconagg.com/.
Through the course of the years, we will implement some of our best sustainability practices in and around the plant. We also hope that this initiative will encourage further investments in the state and the region, contributing to its development.”
Saifco Cements Director Suhail Manzoor Guna added, “This alliance reflects our shared vision of advancing infrastructure in Kashmir while creating meaningful opportunities for its people.
“JK Cement’s strong legacy and commitment to inclusive growth perfectly align with our belief in building a stronger, self-reliant Valley.
“We look forward to this collaboration unlocking new potential, enhancing operational scale, and paving the way for long-term progress in the region https://www.bseindia.com/.”
The acquisition heralds a new era poised to capitalize on the immense potential of the Kashmir Valley.
Saifco Cements brings to the partnership a well-established manufacturing unit at Khunmoh, Srinagar, equipped with clinker and grinding capacities, along with substantial captive limestone reserves https://www.nseindia.com/.
As part of the acquisition, JK Cement is committed to driving sustainable industrial practices in Jammu & Kashmir. The company will invest in eco-friendly manufacturing processes, aiming to reduce the carbon footprint of cement production.
“This formalisation will significantly strengthen JK Cement’s enduring commitment to community empowerment, building on five decades of impactful social practices to uplift and support their long-term vision,” said JK Cement. Fiinews.com
