SRINAGAR: State owned J&K Cements has booked a loss of Rs 26.27 crore in 2014-15 and the Industries Ministry hopes that situation will improve in 2015-16 accounts of which are under compilation.
The factory that government set up in 1978 with a paid up capital of Rs 49.85 crore started with 600 ton a day plan at Khrew.
In 2006, the corporation added another plant of the same capacity. But the new plant could not work with as was desired. The companys losses jumped as its incomes slowed down. The main problem was with the new asset.
Informed sources said the companys sale turnover in 2014-15 was Rs 84.93 crore and it booked a loss of Rs 26.27 crore. No details are available about its sales in 2015-16. The company has set a sales target of Rs 150 crore for the current fiscal. It intends to use the recently started grinding cum packing plant at IGC Samba to improve its sales. The unit has 300 tons a day capacity.
Follow this link to join our WhatsApp group: Join Now
Be Part of Quality Journalism |
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast. |
| ACT NOW |
| MONTHLY | Rs 100 |  |
| YEARLY | Rs 1000 | |
| LIFETIME | Rs 10000 | |
