SRINAGAR, Jan. 26 -- JK Cement has acquired a 60% stake in Saifco Cements for Rs. 174 crore to strengthen its presence in northern India.

The Kashmir Monitor was the first to break the story on July 28, 2023.

JK Cement entered into a joint venture with Saifco Cement two years later. With this deal, JK Cement is boosting its production capacity by leveraging Saifco's resources.

"We are very happy to join hands with JK Cement and are deeply committed to the nation's growth, people, and communities. We are excited about the opportunity to work together to scale our operations and establish ourselves as the leading cement players in the Kashmir Valley. At Saifco, we take pride in our endeavor towards bringing the country's leading business...