JSW Cement Ltd., a part of $11 billion JSW Group led by Sajjan Jindal, is on track to expand it's capacity to 20 million tonnes per annum (mtpa) from the current 12.5 mtpa, and launch an initial public offering (IPO). The capital raised through the IPO will be used to expand capacity further as the company aims to be one of the top three cement manufacturers in the country. The likely date of launch of the IPO is expected to be in 2019.
The strength of JSW Group is execution and hence the firm intends to scale up to 20 mtpa organically.
JSW Cement Ltd, is planning to expand the manufacturing capacity of its Dolvi facility in Maharashtra from 1 million tonne (mt) per annum to 2.2 mt by February. Other expansions include the 2.4 mt Salboni plant in West Bengal commissioned in July and ongoing capacity addition of 2.4 mt at Vijayanagar, Karnataka, and 1.2 mt in Jajpur, Odisha.
Earlier this year, the company has acquired a stake of up to 54.4 per cent in Shiva Cement. The cement industries' expectation of a large uptick in demand continues to keep the valuation of cement assets high and hence JSW is not aggressively pursuing any acquisition. What it continues to pursue aggressively is the acquisition of limestone mines.
The strength of JSW Group is execution and hence the firm intends to scale up to 20 mtpa organically.
JSW Cement Ltd, is planning to expand the manufacturing capacity of its Dolvi facility in Maharashtra from 1 million tonne (mt) per annum to 2.2 mt by February. Other expansions include the 2.4 mt Salboni plant in West Bengal commissioned in July and ongoing capacity addition of 2.4 mt at Vijayanagar, Karnataka, and 1.2 mt in Jajpur, Odisha.
Earlier this year, the company has acquired a stake of up to 54.4 per cent in Shiva Cement. The cement industries' expectation of a large uptick in demand continues to keep the valuation of cement assets high and hence JSW is not aggressively pursuing any acquisition. What it continues to pursue aggressively is the acquisition of limestone mines.