JK Lakshmi Cement Ltd
NSE: JKLAKSHMI BSE: 500380
₹473.10
+3.50 (0.75%)
Thu, 22 Oct 2026, 04:02 pm
Market Cap (in Cr)5839.75
PE Ratio15.88
Dividend1.38
Non-Energy Minerals
Construction Materials
24.5KJK Lakshmi Cement Ltd Company History
1938
- Incorporated on Aug 6 as Public Limited Company in Bhopal, MP.
- Manufactures straw board, mill board, duplex board, straw paper, corrugated rolls, wrappers (trade names: Bhopal Straw Boards, J.K. Mill Board), writing/printing papers, and Lakshmi Cement.
1939
- Offered 15,000 right equity shares at par (1:1).
1949
- Issued 75,000 bonus equity shares (1:1).
1957
- Increased rate of dividend on preference shares.
1959
- Embarked on J.K. Paper Mills project in Orissa (commissioned 1962).
1960
- Issued 75,000 preference shares (1:2) and 1,250,000 equity shares (25:3) at par on rights.
1965
- Fully called up partly paid preference and equity shares (Feb 27, 1961).
1967
- Issued 560,000 bonus equity shares (2:5) (Feb).
1971
- Issued 20,000 9.3% preference shares (Aug).
- Redeemed 7,500,000 9.1% preference shares (Dec 31).
1972
- Issued 1,130,000 bonus equity shares (1:2).
1973
- Issued 55,000 9.5% preference shares at par (Jun).
1974
- Held 6,298 equity shares in subsidiary Bhopal Oil & Flour Mills Ltd (renamed Bhopal Udyog Ltd).
- Wholly owned subsidiaries: Mayfair Finance Ltd, Sidhi Vinayak Investment Ltd, Terrestrial Finance Ltd, Yoshodhan Investment Ltd.
1975
- Amalgamated Dena Bank Ltd effective Jul 1.
- Amalgamated Madhya Pradesh Industries Ltd effective Apr 1.
1976
- Allotted 96,000 equity shares to IFCCI and 64,000 to LIC on loan conversion.
- Allotted 457,984 equity and 22,899 11% preference shares to Dena Bank shareholders.
1977
- Allotted 5,000 7.8% preference and 195,552 equity shares to Madhya Pradesh Industries Ltd shareholders.
1978
- Issued 316,650 equity shares at premium Rs 10 on loans/debentures conversion.
1981
- Commissioned Crusher plant in Dec.
- Issued 200,000 12% secured debentures with equity conversion option.
1982
- Set up Lakshmi Cement plant in Sirohi, Rajasthan (capacity 580,000 tpa).
1983
- Unit closed from Aug 15 due to losses; tripartite settlement with workers.
- Issued 500,000 15% secured NCD and 1,500,000 14% secured NCD.
1985
- Bhopal Mill workers agitation led to temporary closure.
1986
- Suspended production on Machine No. 2 from Dec 2 due to technical problems.
- Issued 52,92,175 equity shares on 10.5% bonds conversion and 3,23,500 on loans/debentures.
- Redeemed 20,000 9.5% preference shares (Aug 2).
1987
- Suspended production on Machine Nos. I and III; closed II and III after settlement; leased Machine No. 1 from Apr 1988.
1988
- Completed major modernisation and renovation.
- Commissioned new paper machine for airmail, bond, speciality papers.
- Undertook balancing-cum-modernisation to double plant capacity.
- Received LOI for 60,000 tpa Linear Alkyl Benzene (LAB) manufacture in UP.
1989
- Undertook pulp augmentation scheme.
- Planned cement capacity expansion to 1.6M TPA at Basarthgarh.
- Proposed launch of blank audio cassettes; planned to import n-paraffin.
1990
- Issued 1,000,000 14% secured non-convertible debentures on private placement.
1991
- Introduced Grade 43 cement.
- Took over management of Central Pulp Mills Ltd with J.K. Industries Ltd; provided technical know-how and finance.
1992
- Issued rights equity shares (60,81,517), employees' shares (3,05,000), preferential shares (25,33,850), 14% partly convertible debentures (45,61,138), 16% NCD with warrants (38,00,949 rights + 9,50,000 preferential).
1994
- Commissioned new paper machine and imported cutter.
- Planned new 300 TPD pulp mill and paper capacity augmentation to 125,000 tonnes.
- Commissioned Cement Unit 2 (9 lakh tonnes); planned Unit 3.
- Issued 42,13,400 equity shares at premium to J.K. Industries group.
- Offered 68,75,000 GDRs.
- Changed name from Straw Products Ltd to J.K. Corp. Ltd (July).
1995
- Increased paper capacity from 75,500 to 90,000 tonnes.
- Strike/lockout ended; normalcy restored.
- Amalgamated OSL; allotted 35,57,407 equity shares and 66,64,682 on loan conversion.
1996
- Commissioned new FBC Boiler; enhanced captive power generation.
- Undertook project for audio-magnetic tape manufacture at Surajpur, UP.
- Enhanced capacity from 2,592 MRM to 3,240 MRM per annum.
- Issued various preference shares for redemption in 1997-1998.
1997
- Installed new Pulp Mill with 127,000 tpa capacity.
- Formed JK Batteries Division from amalgamation of Madhya Pradesh Industries Ltd.
- Issued 200,000 14.5% cumulative preference shares.
1998
- Outstanding term loans from financial institutions: Rs 634.45 crores.
- JK Paper Mills accredited with ISO 14001, first in India.
- Crisil downgraded ratings of debenture programmes to BBB.
1999
- Paper mill under lock-out for 2.5 months due to workers' strike.
- Signed MoU with Reliance group company for divestment of Orissa Synthetics.
- Entered job conversion agreement with Reliance group company for polyester unit.
- Planned 1M tpa cement unit in Karnataka and 1.5M tpa in Madhya Pradesh.
- Proposed merger with JK Udaipur Udyog at 1:3 ratio.
- Setting up new facility for non-antibiotics and intermediates at Gajraula, UP.
2000
- Illegal strike by contract labour at Jaykaypur paper mills called off on Dec 23; production resumed.
2001
- Completed business restructuring by transferring paper business to Central Pulp Mills Ltd.
2002
- Appointed SK Wali and S Chouksey as Whole Time Directors.
2005
- Changed name from JK Corp Ltd to JK Lakshmi Cement Ltd.
2008
- Appointed Kashi Nath Memani as Additional Director (Aug 5).
- Appointed Dr. Ajay Dua as Additional Director.
- Appointed Ms. Amita Narain as Nominee Director (Sep 8).
2009
- Awarded Productivity Excellence Award 2007-08 by Rajasthan State Productivity Council.
- Setting up new RMC plant in Pune.
- Announced Rs. 2,000 crore investment for capacity addition.
- Split face value of shares from Rs. 10 to Rs. 5.
2010
- Revived RMC expansion.
2011
- Received Productivity Excellence Award.
- Partnered with JDA for White Topping Concrete Pilot Project at Jaipur.
2012
- Recognised as India's Best Companies to Work For by Times of India.
2013
- Won International Safety Award by British Safety Council.
- Achieved Strong Commitment to HR Excellence in CII National HR Excellence Awards.
- Awarded 10th Safety Innovation Award by Institution of Engineers India.
- Recommended equity dividend of Rs. 2.50 per share (50%).
- Recorded as one of most respected companies in India by Business World.
2014
- Awarded MTM Corporate Star Award for Best Incentive Programme for Distributors/Dealers.
- Won third Luxury & Leisure Travel Mart Awards.
- Awarded Excellent Energy Efficient Unit at 15th National Award for Excellence in Energy Management.
- Recommended equity dividend of Rs. 2 per share (40%).
2015
- Chosen among 100 most admired brands.
- Launched JK Lakshmi Pro+ Cement in Vidarbha.
- Launched JK Lakshmi Pro+ Cement in Odisha.
- Made available on Snapdeal.com.
2017
- Action and Lakshya Quality Circle awarded Par Excellence in NCQC.
- Recognised as India's Best Companies to Work for 2017.
- Received Great Place to Work Certificate.
2018
- Won Vishwakarma Rashtriya Puraskar (V.R.P.) 2018 in Class C.
- Surat Unit awarded NATIONAL SAFETY AWARD-2018 by DGFASLI.
- Received green nod for expansion project.
- Won ET Now CSR Leadership Lifetime Achievement Award.
- Won Global Business Icon Awards.
2019
- Received ET Now Employee Engagement Leadership Awards.
2020
- Durg Unit recognised.
- Won Global HR Excellence Awards for Best Workplace Practice.
- Kalol Grinding Unit won CII EnerCon 2020 Award.
- Received India's Greatest Brands 2019-20 Award.
2021
- Won 5th Indian Cement Review Awards for Highest Volume of Alternative Raw Material co-processed (2016-2020) and Outstanding work in co-processing by Plant Head.
- Durg Unit conferred Outstanding Achievements in Promotion of Healthcare by Chhattisgarh State AIDS Control Society.
- Received Certificate of Appreciation from Iconic Brands of India 2021 by The Economic Times.
- Awarded Excellent Energy Efficient Unit by CII in 22nd National Award for Excellence in Energy Management.
- Felicitated as Iconic Brands of India 2021 by The Economic Times.
2022
- Became India's first cement company to deploy Green LNG trucks for transportation.
- Partnered with TARA for carbon neutrality.
- Launched premium cement in Central and Eastern Uttar Pradesh.
- Partnered with TARA to launch limestone calcined clay cement production.
2023
- Surat Unit awarded CII Energy Excellent Unit Award.
- Recognised as Third Fastest Growing Cement Company in Large Category at 6th Indian Cement Review Awards.
