Like our Facebook Page

news details

JKCL fails to maintain profit earning trend  8/27/2014 12:10:40 AM Sandeep Bhat Jammu, Aug 26 : The Jammu and Kashmir Cements Limited (JKCL) used to be the only profit earning company in the state but it has been showing now a downward trend in earning profits for the last two years. JKCL was incorporated as a fully owned government company in December 1974 with the objective to exploit the abundant deposits, make the quality cement available to the consumers at reasonable rates besides filling up the gap between demand and supply. The plant of 600 tonnes per day capacity installed at Khrew was listed as a heavy sector industry which started its commercial production in April 1982 and is one of the largest employer in the state providing employment to more than one thousand semi skilled, skilled, specialized and super specialized people directly or indirectly. Its installed capacity is 400000 mts and it has been earning profits over the years, though the trend is reversing now. As per the data available with Early Times and ES, j&k, it earned a profit of Rs 435.51 during 2011-12 as against Rs, 253.00 lakhs in 2012-13. In the year 2009-10 its earning was Rs 466.90 lakhs which went down to Rs 198.06 lakhs in year 2010-11.This shows slight improvement in next year and jumped profit upto Rs 435.51 lakhs in year 2011-12, but again showed downward trend in the year 2012-13 and stopped at earning profits at Rs 253.00 lakhs.This trend is further going down which is not the healthy sign for the state of Jammu and Kashmir.   Share This News with Your Friends on Social Network     Comment on this Story

top stories of the day

Political turncoats, fresh faces joining BJP giving uneasy churns to old horses Sapolia at Kathua function raises eye-brows Cong leaders on edge as party delays mandates Infighting, indecisiveness likely to cost Cong Girl players forced to change in open, administration unmindful LA first time witnesses heated arguments between 2 presiding officers Jammu based NC leader, cable operators take people for a ride Ailing Farooq unable to run NC's poll campaign in 2014 Amit Shah's tour useless for us: Border migrants Enjoying Tara Chand's patronage, ZEO Surankote says, 'I damn care' Monga gifts Baramulla to Soz Chaos, ruckus prevail in BJP Kashmir unit's meeting Legislative Assembly witnesses uproarious scenes over amnesty to youth, shelling in border areas JKCL fails to maintain profit earning trend  Geelani working for success of BJP ? Mehbooba, Beig predict a doom for NC, Cong HC notice to state, BCCI in JKCA scam PHQ imposes 'blanket ban' on appointment of SPOs HC directs Govt to seize all spurious drugs in state Omar's promise a hoax Kalaroos encounter: Another ultra neutralized, search cum combing operation on

STOCK UPDATE

BSE Sensex NSE Nifty

CRICKET UPDATE