JK Cement to acquire 60% in Kashmir’s Saifco Cement for Rs.174-Cr
JK Cement is to acquire a 60% stake in Jammu & Kashmir-based Saifco Cement for INR 174 crore.Saifco’s integrated manufacturing unit at Khunmoh in Srinagar is spread across 54 acres of land and has a clinker capacity of 0.26 million tonnes per annum and grinding capacity of 0.42 million tonnes per annum. It has captive limestone reserves spread over an area of 144.25 hectares with a total mineable reserve of 129 million tonnes.
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