JK Corp, a Singhania group company, has changed its name to JK Lakshmi Cement Ltd. It has also shifted a part of the old company's corpus to a new investment company, yet to be named.

JK Lakshmi Cement is also in the midst of a Rs.180 crore capacity expansion programme spread over three years.

JKLC has a cement unit at Sirohi in Rajasthan with capacity 2.4 million tpa. This would be enhanced to 3 million tpa by end-2005-06 and to 3.3 million tpa by 2007-08. The Rs.40 crore expansion project will be financed entirely through internal accruals.

At Sirohi itself, a 36 MW captive power plant is coming up with an investment of Rs.140 crore. Around 70 per cent of the project outlay will be financed through internal accruals.

Note: JK Corp formally existed as Straw Products Ltd. Along with the name change in late 1990s and some group restructuring, two companies -- JK Papers Ltd and JK Corp -- were created.