SRINGAR: Jammu and Kashmir Cements limited (JKCL) has generated a revenue of Rs more than 93 crore during last fiscal year by selling 1,31, 314 MTs of cement.
Minister of State for Industries and Commerce, Sajjad Ahmad Kichloo has stressed need for adopting latest technologies to make Jammu and Kashmir Cements Limited a profitable and viable business venture of the state.
Kichloo, who is also Chairman JKLC, was addressing the JKCL. The meeting was also informed that over 30,000 MTs of cement, valuing Rs.23.76 crore have been sold during first Quarter of the current financial year.
Financial Commissioner, Industries and Commerce, Khursheed Ahmad Ganai was also present in the meeting. The board discussed status of various ongoing projects, including Clinker Grinding cum Packing Unit coming up at a cost of Rs.26.96 crore at Industrial Growth Centre, Samba, Jammu.
The unit has a capacity of producing 300 ton cement per day. The board gave a time line of August 20 for its completion. The Board also approved up gradation of Kiln and Coal Mill of old cement plant at Khrew
Speaking on the occasion, Kichloo stressed upon the functionaries of the company to redouble their efforts so that the company could emerge as one of the biggest profitable company of the state.
The minister also emphasized the management to improve the performance in production and sale of cement.