JK Cement Ltd has informed BSE that Hon’ble High Court of Judicature at Allahabad on August 04, 2009 has formally sanctioned the scheme of amalgamation of Jaykaycem Ltd. (Wholly owned subsidiary) with the Company. As per the scheme, this becomes effective from April 01, 2008. Jaykaycem Ltd. is implementing 3 Million Tonnes per Annum Geen Field Grey Cement Plant at Mudhol, Dist. Bagalkot, Karnataka state which is at final stage of implementation. The installed capacity of grey cement of JK Cement Ltd. with the merger will increase to 7.5 million tonnes per annum.
Source: Bseindia.comJK Cement – Updates on Scheme of Amalgamation
Industry: Cement 2016-04-03
