JKLC reported revenue growth of 25%YoY aided by 17.6%YoY growth in volumes (better than industry) and 6% YoY growth in blended realisation amid challenging conditions. Value added products including RMC revenue was Rs.95cr Vs Rs.91cr QoQ and the company is targeting Rs.500cr from this segment. Given GoI's strong focus on infra & housing, we expect demand to pick up in H2FY22 despite near-term uncertainties due to Covid-19 second wave. Factoring better than expected volume...