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JK Cement Ltd. Formalises Joint Venture with Saifco Cements
The Business Guardian
|June 08, 2025
In a major step towards accelerating infrastructural and employment growth in Jammu & Kashmir, JK Cement Ltd., one of the leading cement companies of India, announced the successful formalisation of its joint venture agreement with Saifco Cements Pvt. Ltd., acquiring a 60% stake in the company.
This landmark partnership establishes JKCement as the first major cement manufacturer to set up manufacturing operations in Srinagar, signalling a decisive step toward regional economic empowerment. This strategic acquisition marks JKCement's commitment to contributing to the government's vision of robust infrastructure development and inclusive growth in the region of J&K. With this move, JKCement will not only enhance production capacity but also create significant local direct and indirect employment opportunit
This story is from the June 08, 2025 edition of The Business Guardian.
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