SRINAGAR, JUL 27: Minister for Industries and Commerce, Chander Parkash Ganga on Thursday chaired the 99th Board of Directors (BoD) meeting of Jammu & Kashmir Cements Limited (JKCL). The Minister called for comprehensive proposals for actions to be taken with regard to sustained profit-making and finalization of accounts. He also called for exploring ways to make the Company’s units operational 24X7.
While stressing on forming a roadmap for growth of business, the Board under the Chairmanship of Ganga, fixed a target of R250 cr for current fiscal. He also emphasized upon the need to set-up more production units for increasing Company’s business and directed for fixing a proper timeline for setting-up new units.
The Minister also asked for identification of deadwood in the company, saying there will be no compromise with non-performing employees. He said that the company must have at least an aggregate cement production of 900 tons per day and make proper calculations and proposals in this regard. The Board called for a comprehensive business processing engineering to identify means for attainment of sustainable efficiency. It also called for strict adherence to pollution control mechanism and directed for installation of a pollution control system by the end of August 2017.
The Board also authorized the Company to go for private and retail selling of its cement production. It observed that the Company must not be restricted to selling its cement to Government Departments and directed it to open retail outlets in Srinagar and Jammu to begin with. JKCL was also directed for outsourcing operations and marketing of its manufacturing plant at Samba keeping in mind increased profitability for the Company.
The Board also directed the Company to come up with a comprehensive business plan. It also called for sustained efforts for setting up another income generating unit. The meeting also authorized setting up of fuel stations on its lands for further revenue generation to meet its expenses.