Excelsior Correspondent
SRINAGAR, July 9: The Jammu & Kashmir Cements Limited, which is one of major profit earning corporations of the State, has achieved an all time high Business turnover of Rs 120.50 Crore during the last fiscal against Rs 81.87 Crores achieved during the previous fiscal (2010-11) registering an increase of Rs. 47.18% .The Corporation has a target of Rs 180 crores business turnover during the current fiscal.
This was stated at the 96th meeting of the Board of Directors of JKCL presided over by the Minister for Industries & Commerce, S S Slathia, who is also Chairman of the Corporation.
The Board approved in principle to create cement storage facility at Leh and Kargil for which a provision of Rs 70 lakh has been kept in the current year budget to start with.
The Board approved the proposal of the Corporation regarding brand promotion of Jehlum Brand Cement in the public and up gradation of the existing testing lab at Cement Plant Khrew. The Corporation has decided to introduce special incentive to its dealers for promotion of cement sale in a big way.
The Managing Director of the Corporation, R. K. Razdan informed the Board of Directors about various measures taken up towards fulfilling its corporate social responsibility adding that an independent environment management wing under the comfort of an environment expert is being set up in the corporation which will be fully equipped and look after entire plant including quarry.
Speaking on the occasion, the Minister called for utilizing the full installed capacity of the cement plant, adding that “our main focus should be to catch maximum market share”.
The Minister asked the Finance Department to ensure implementation of the Cabinet decision regarding purchase of cement by the Government Departments from J&K Cements Limited.
The meeting was attended by the Principal Secretary, PDD, Sudhanshu Pandey, Commissioner/ Secretary, Industries and Commerce, Shantmanu, Chairman, State Pollution Control Board, Lal Chand, Director General Budget, Ravi Magotra, representatives of Planning and Finance Department, Director G&M, Farooq Ahmad Khan, M. D. JKCL, R. K. Razdan, and concerned officers were present in the meeting.
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