JK Cement Limited Acquires Cement Grinding Assets from Sri Chakra Cement Limited
JK Cement Limited announced today, March 27, 2026, that its Board of Directors has approved an agreement to acquire cement grinding assets and land from Sri Chakra Cement Limited. The acquisition includes 0.24 million tonnes per annum (MnTPA) of cement grinding assets, which have been non-operational since April 2025, and 34 acres of land owned by multiple landowners including Envean Enterprises Private Limited, Sri Chakra Cement Limited & K Sanjay Kumar, located in Vizianagaram, Andhra Pradesh.The total consideration for the asset purchase is Rs. 28.79 crores. The transaction is contingent upon finalization and execution of definitive agreements and the fulfillment of customary conditions.
The Board meeting commenced at 11:25 a.m. (IST) and concluded at 12:13 p.m. (IST). Further details are available on the company’s website at www.jkcement.com.
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