- Business
- Udaipur Cement Works Limited (UCWL), a subsidiary of JK Lakshmi Cement Limited and part of the JK Organisation, manufactures and sells cement and cementitious products primarily for the construction sector in India. Incorporated in 1993 and headquartered in Udaipur, Rajasthan, the company operates an integrated cement manufacturing unit with an installed production capacity of 4.7 million tons per annum; its main products include Platinum Heavy Duty Cement, produced using superior PSD Technology for enhanced volume, strength, workability and setting time, and Platinum Supremo Cement, a premium roof specialist offering superior strength, fineness, bonding, servicing and packaging. UCWL serves individual house builders, masons and business associates with construction solutions across Rajasthan and other regions, emphasizing sustainable practices such as renewable energy usage exceeding 45% of electricity needs, water positivity and waste-derived raw materials substitution. In 2024, the company approved a Rs 450 crore rights issue at Rs 18 per share (four shares for every five held) to fund the remaining portion of a Rs 1,600 crore capacity expansion commissioning 1.5 million tons of clinker and 2.5 million tons of cement by Q2 FY25, with JK Lakshmi Cement committed to covering any undersubscription; additionally, in July 2024, JK Lakshmi Cement's board approved a scheme to merge UCWL along with two other subsidiaries, receiving NCLT approval later that year under which UCWL shareholders receive four JK Lakshmi shares for every 100 held, consolidating cement assets into a single entity with enhanced synergies in manufacturing, distribution and logistics. The company maintains ISO certifications for quality, environment, energy and occupational health, aligning operations with UN Sustainable Development Goals through carbon and water footprint management.