JK Cement Acquires Sri Chakra Cement's Grinding Assets for ₹28.79 Crore
JK Cement Limited will acquire cement grinding assets and land from Sri Chakra Cement Limited for ₹28.79 crore. The deal includes 0.24 MnTPA capacity and 34 acres of land in Vizianagaram, Andhra Pradesh. The assets have been non-operational since April 2025.
The acquisition is of a moderate scale and involves non-operational assets, suggesting a medium-term impact on the company's overall operations and market position.
The acquisition of assets is a positive development for JK Cement, indicating expansion and strategic growth.
JK Cement Limited has announced its decision to acquire the cement grinding assets of Sri Chakra Cement Limited, located in Vizianagaram, Andhra Pradesh. The acquisition includes 0.24 million tonnes per annum (MnTPA) of cement grinding capacity and 34 acres of land. The aggregate consideration for this transaction is ₹28.79 crore.
The acquired assets have been non-operational since April 2025. The transaction is contingent upon the finalization and execution of definitive agreements, as well as the fulfillment of customary conditions precedents.
The Board of Directors of JK Cement Limited approved entering into an Asset Purchase Agreement for this acquisition during their meeting held on March 27, 2026. The meeting commenced at 11:25 a.m. IST and concluded at 12:13 p.m. IST.
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JK Cement Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by JK Cement Limited. Read the original for the full detail.