JK Lakshmi Cement merges Udaipur Cement Works to boost presence, streamline ops

Cement major JK Lakshmi Cement has announced the merger of its subsidiary, Udaipur Cement Works Limited (UCWL), with itself, strengthening its footprint in the Indian cement sector. The merger, approved by the Boards of Directors of both companies, is aimed at simplifying the group structure, enhancing operational efficiencies, and realising long-term synergies. The consolidation will enable optimal utilisation of resources, improved logistics and supply chain management, and a unified approach to customer and market engagement.

JK Lakshmi Cement Chairperson and MD Vinita Singhania says the merger aligns with the company's long-term vision of building a stronger, more agile, and future-ready organisation. "The combined entity will be better positioned to serve our customers, enhance shareholder value, and drive sustainable growth across markets."

President and Director Arun Shukla terms the merger a well-calibrated strategic step towards creating a more streamlined organisation. "This consolidation is expected to bring in substantial operational synergies, reduce overlaps, and enhance agility."

Shrivats Singhania, who previously served as Director and CEO of Udaipur Cement Works, will now assume the role of Deputy MD at JK Lakshmi Cement. He said the merger represents a natural progression to build a stronger, more cohesive organisation. "Having led Udaipur Cement Works through a significant phase of growth and transformation, I am excited to take on this expanded role at JK Lakshmi Cement. Together, we will leverage our combined strengths."

Cement major JK Lakshmi Cement Ltd (JKLC) reported a consolidated net profit of ₹193.17 crore for the January-March quarter, up from ₹162.06 crore in the same period last year. JKLC’s consolidated net sales surged to ₹1,897.62 crore from ₹1,780.85 crore in the year-ago period.

JK Lakshmi Cement shares closed 0.38% up at ₹975 on the NSE today.