JK Cement, a cement manufacturing company in India, witnessed a rise in share price on Monday after the company has received its board’s approval to expand the wall putty production capacity from existing 2 lakh M.T. per annum to 4 lakh MT per annum at J.K.White, Katni.

The board also took note of increase in clinker production capacity by 3.30 lakh tons per annum in Rajasthan grey cement plants by cooler modification and de-bottlenecking/up-gradations with the total cost of approximately Rs 500 million. With this, the overall grey cement clinker capacity of Rajasthan plants stands increases to 54.45 lakh tons per annum.

Shares of JK Cement  are trading at Rs 1,115.95, up Rs 44.15, or 4.12%  at the Bombay Stock Exchange (BSE) on Monday at 11:06 a.m. The scrip has touched an intra-day high of Rs 1,194.20 and low of Rs 1,100.00. The total volume of shares traded at the BSE is 33,101.

Total volume of shares traded on the bourses today was higher by 389.83% to 267,146 compared with 22-day average volume of 54,539.