# JK Cement to acquire Toshali Cements for Rs 157 crore

JK Cement's board approved the acquisition of 100% equity shares of Toshali Cements for Rs 157 crore. Toshali has two manufacturing units in Odisha with clinker capacity of 0.33 MTPA and grinding capacity of 0.198 MTPA and 0.435 MTPA.

- Type: Acquisition
- Announced: 2023-06-06
- Where: Ampavalli and Choudwar, Odisha, India
- Value: $19.0M (157.0M INR)
- Status: announced
- Capacity: clinker 0.33 MTPA, grinding 0.198 MTPA and 0.435 MTPA
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [JK Cement](https://endata.com/companies/42055.md) (acquirer)
- [Toshali Cements](https://endata.com/companies/70682.md) (target)

## Sources

- [constrofacilitator.com](https://constrofacilitator.com/jk-cement-to-acquire-100-equity-shares-of-toshali-cements/), 2023-06-06: "The board of directors of JK Cement have accorded in principle approval to sign/execute a share purchase agreement with the shareholders and also with Toshali Cements for acquisition of 100% equity shareholding."
- [constructionworld.in](https://www.constructionworld.in/cement-news/jk-cement-to-sign-an-agreement-with-toshali/41533), 2023-06-07: "the acquisition will enable it to increase its presence in the Eastern Region."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.