Srinagar, March 17 -- Jammu and Kashmir government on Monday said J&K Cements was shut down due to multiple reasons, including below-par productivity per employee ratio, poor power supply, and production losses.
In response to a question from MLA Hasnain Masoodi, the concerned minister said several factors contributed to the decline of JKCL.
Presently, all three plants have been closed since 2019 due to the following reasons such as insufficient working capital, lack of proper maintenance, and unforeseen events like the September 2014 floods, the 2016 unrest and the 2019 COVID-19 lockdown, all of which halted plant operations for extended periods.
These challenges resulted in massive financial losses and burdened the company with liabili...