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Toshali Cements Pvt. Ltd. is investing ₹1384 crore to expand its factory in Ampavalli, Koraput, Odisha, increasing clinker and cement production capacity to 1.42 and 1.2 million tons per year respectively.
JK Cement has completed the acquisition of 100% stake in Toshali Cements, making it a wholly owned subsidiary. Transfer of mining lease is pending regulatory approvals.
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.
| Site | Largest | Latest |
|---|---|---|
| Ampavalli, India | $166.0M | 2024-04-03 |