JK Lakshmi Cement merges Udaipur Cement Works to boost presence, streamline ops
ADVERTISEMENT
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."
July 2025
In the world’s youngest nation—where over 65% of the population is under 35—India’s future is already being shaped by those bold enough to lead it. From boardrooms to breakout ideas, a new generation of business leaders is rewriting the rules. This year's Fortune India’s 40 Under 40 celebrates these changemakers—icons in the making like Akash Ambani, Kaviya Kalanithi Maran, Shashwat Goenka, Parth Jindal, Aman Mehta, and Devansh Jain—who are not just carrying forward legacies but boldly reimagining them for a new era. Alongside them are first-generation disruptors like Sagar Daryani, scaling Wow! Momo with a vision to take ₹100 momos to 5,000 cities, and Palak Shah, turning the Banarasi weave into a global fashion story with Ekaya Banaras. These are the entrepreneurs turning ambition into scale. And even beyond traditional industry, the entrepreneurial wave is pulling in creative forces—Ranveer Singh, for instance, is shaking up wellness and nutrition with Bold Care and SuperYou, proving that passion, backed by purpose, is the new blueprint for building brands.
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.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.