JK Lakshmi Cement Ltd
NSE: JKLAKSHMI BSE: 500380
₹714.05
(-1.80%)
Tue, 03 Mar 2026, 03:06 pm
Market Cap88.7B
PE Ratio18.09
Dividend0.91
Non-Energy Minerals
Construction Materials
24.5KCompany 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.
Open Your Free Demat Account Now!
Facebook
Twitter
Instagram
LinkedIn
Youtube
Calculators
Popular Calculators
Group Stocks
Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800