JK Cement has cemented its presence in Jammu & Kashmir by acquiring a controlling 60% stake in Saifco Cements for Rs 150 crore, marking a significant foray into the region's burgeoning construction sector. The acquisition establishes JK Cement as the first major manufacturer to operate in Srinagar, a move hailed as a catalyst for regional economic empowerment. Saifco Cements, with an integrated plant in Khonmoh and annual revenues of Rs 73.17 crore, now becomes a subsidiary of JK Cement.