Commissioning of new capacities to fuel growth Out of total capex plan to set up new 4.2 MT capacity, JK Cement has commissioned 3.5 MT cement capacity while commercial dispatches also resumed in the quarter. Newly added capacities include 1 MT grinding unit (GU) each in Nimbahara, Mangrol along with 2.6 MT clinker plant and 1.5 MT GU in Aligarh. The company is also adding 0.7 MT GU in Gujarat (Balasinor), which will take its total capacity to 14.7 MT, a rise of 40% in capacity. Thus, despite a challenging FY21E, we expect it to clock volume CAGR of 12.6%...