# JK Cement acquires 60% stake in Saifco Cements

JK Cement Ltd. has entered into a joint venture agreement to acquire a 60% stake in Saifco Cements Pvt. Ltd. for INR 174 Crore, gaining a clinker capacity of 0.26 MTPA and grinding capacity of 0.42 MTPA in Jammu & Kashmir.

- Type: Acquisition
- Announced: 2025-01-27
- Where: Khunmoh, Srinagar, Jammu & Kashmir, India
- Value: $20.9M (1.74B INR)
- Status: announced
- Capacity: 0.26 MTPA clinker, 0.42 MTPA grinding
- Products: grey cement, white cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [JK Cement](https://endata.com/companies/42055.md) (acquirer)
- [Saifco Cements Pvt. Ltd.](https://endata.com/companies/82560.md) (target)

## Sources

- [newsvoir.com](https://www.newsvoir.com/release/jk-cement-ltd-marks-its-presence-in-jammu-kashmir-enters-into-a-joint-venture-agreement-with-saifco-cements-private-limited-30909.html), 2025-01-27: "This acquisition marks a strategic step in expanding JK Cement’s presence in one of the fastest growing regions of the country and furthering its footprint in Northern India."
- [tribuneindia.com](https://www.tribuneindia.com/news/business/jk-cement-ltd-marks-its-presence-in-jammu-kashmir-enters-into-a-joint-venture-agreement-with-saifco-cements-private-limited/), 2025-01-28: "JK Cement will acquire 60% stake in Saifco Cements at a value of INR 174 Crore."
- [therealtytoday.com](https://www.therealtytoday.com/news/construction-material/jk-cement-expands-into-jammu-kashmir-market-with-joint-venture-agreement-with-saifco-cements/), 2025-01-28: "JK Cement Ltd. has entered a joint venture with Saifco Cements Pvt. Ltd., acquiring a 60% stake in the Kashmir-based company for ₹174 crore."

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