JK Lakshmi Cement signs MoU with Assam government
As part of this MoU, JK Lakshmi Cement will invest Rs 11,000 Crore over the next 7-8 years to develop a Greenfield project dedicated to cement production and value-added products.
Mumbai, 07 March 2025: In a significant move to bolster India’s infrastructure and economic growth, JK Lakshmi Cement (JKLC), one of India’s leading cement manufacturers, has signed a landmark Memorandum of Understanding (MoU) with the Government of Assam at the Advantage Assam 2.0 Investment and Infrastructure Summit. The agreement, formalized by Shri Arun Shukla, President & Director of JK Lakshmi Cement, in the presence of Hon’ble Chief Minister Shri Himanta Biswa Sarma, marks a major milestone in the company’s expansion and commitment to sustainable development.
As part of this MoU, JK Lakshmi Cement will invest Rs 11,000 Crore over the next 7-8 years to develop a Greenfield project dedicated to cement production and value-added products. This initiative underscores JK Lakshmi Cement’s dedication to sustainable growth and its contribution to the economic development of the region.
The project further aligns with the Government of India’s focus on positioning the Northeast region as a hub for industrial and infrastructural growth. By integrating sustainable practices, JK Lakshmi Cement aims to set a benchmark for environmentally responsible industrial expansion in the country. This investment is poised to create thousands of direct and indirect employment opportunities, contributing to the socio-economic development of the region and the nation at large. Moreover, the initiative reinforces India’s position as a rapidly growing economy, attracting significant investments in critical sectors like infrastructure and manufacturing, while supporting the nation’s vision of inclusive and sustainable progress.
Shri Arun Shukla, President & Director, JK Lakshmi Cement, said, “We are delighted to collaborate with the Assam Government on this transformative project. This partnership underscores our commitment to sustainable industrial expansion and aligns with our vision to achieve 30 MT by 2030. Beyond strengthening Assam’s infrastructure, this initiative will generate employment opportunities and catalyse economic growth in the region, while contributing to the nation’s broader goals of self-reliance and inclusive development.”
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With a strong emphasis on environmentally responsible practices, the Greenfield project is a testament to JK Lakshmi Cement’s dedication to nation building while upholding the highest environmental standards. The company aims to ensure that this project not only fuels economic progress but also integrates sustainable solutions for long-term impact.
The Advantage Assam 2.0 Investment and Infrastructure Summit serves as a vital platform for fostering government and industry collaborations to drive regional development. JK Lakshmi Cement’s participation and substantial investment reaffirm its position as a key contributor to India’s evolving infrastructure landscape.
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JK Lakshmi Cement Limited is a part of the prestigious JK Organisation which is over hundred and thirty-five years old and boasts operations in India and abroad with a leadership presence in the fields of tyre, cement, paper, power transmissions, sealing solutions, dairy products and textiles.
JK Lakshmi Cement, started in 1982, is a renowned and well-established name in the Indian Cement industry for four decades and has an annual turnover of over Rs 6000 crores. The Company has a formidable presence in Northern, Western and Eastern India's cement markets, with a vision of reaching Cement Capacity of 30 Million Tonnes by 2030. The present combined capacity of the Company is about 16.5 Million Tonnes per annum.
The Company offers a wide range of products under Smart business solutions (SBS), such as, JK Lakshmi Concrete- Ready Mix Concrete (RMC), JK Lakshmi-Gypsum Plaster. JK Lakshmi Wall Putty and JK SmartBlox- Autoclaved Aerated Concrete Blocks (AAC Blocks).”
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