JK Cement has bought 60% of Saifco Cements Private Limited for Rs 150 crore. This deal will help JK Cement grow its business in Jammu & Kashmir and strengthen its position in North India.

JK Cement bought shares from Saifco’s existing owners and also invested in new shares. With this deal, Saifco Cements is now a part of JK Cement, which will manage the company from now on.

Saifco Cements was founded in 1997 and runs a cement plant in Khunmoh, Srinagar. The plant can produce 0.26 million tonnes of clinker and 0.42 million tonnes of cement per year. Saifco made Rs 73 crore in sales in 2024–25, down from Rs 86 crore in 2023–24 and Rs 90 crore in 2022–23.

As part of the change, Saifco’s board will now have five members—three from JK Cement and two from Saifco’s earlier owners. The purchase was made in cash and followed all legal rules. It was not a related party deal.

JK Cement says this move will help it grow its business, increase production, and reach more regions. It is an important step in JK Cement’s plan to expand in the Indian cement market.