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JK Cement Ltd. Formalises Joint Venture with Saifco Cements

The Business Guardian

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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.

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JK Cement Ltd. Formalises Joint Venture with Saifco Cements

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

MEER VERHALEN VAN The Business Guardian

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