Cement News tagged under: JSW Cement

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Dalmia Bharat joins the Holcim India race

03 May 2022, Published under Cement News

Dalmia Bharat Ltd is reportedly planning to bid for Holcim’s India businesses. According to sources close to Dalmia, the company is in talks with banks to secure financing for the bid which would add almost 65Mta of capacity to Dalmia’s existing 35Mta.    UltraTech Cement, part of the Aditya Birla Group, is also planning to join the race for the Holcim assets - ACC Ltd and Gujarat Ambuja Ltd – but is concerned that its current capacity of almost 120Mta may come up against resistance fro...

JSW Cement signs waste deal with Punjab Renewable Energy Systems

05 April 2022, Published under Cement News

JSW Cement has signed an agreement with Punjab Renewable Energy Systems (PRESPL) to use agricultural waste as a source of biomass energy in its cement manufacturing units.   JSW Cement will lessen its reliance on fossil fuels by using agri-waste as a fuel. This sustainable fuel approach improves local air quality while simultaneously providing farmers with additional income.  

Shiva Cement received environmental clearance for Orissa plant expansion

28 March 2022, Published under Cement News

India-based Shiva Cement , owned by JSW Cement , has received environmental clearance from the Ministry of Environment, Forest and Climate Change to expand its cement plant in Kutra, Orissa, to 3Mta clinker capacity and 2Mta cement capacity. The project includes the installation of a 12MW waste heat recovery power generation system. The company will mine limestone from the Khathurbahal North block with a production capacity of 1.6Mta limestone and 0.035Mta mineral reject, 0.033Mta of top...

SBI acquires minority stake in JSW Cement

21 December 2021, Published under Cement News

The State Bank of India (SBI) has acquired a minority stake in JSW Cement Ltd at an investment of INR1bn (US$13.23m). The capital is expected to support the company’s capacity expansion plans from 14Mta to 25Mta. "In a short span of three years, we have increased our capacity from 6Mta to 14Mta and are now working towards achieving the 25Mta milestone over the next 24 months. We take great pride in being the recipient of one of SBI's larger investments through the private equity route. I...

No stopping India's cement capacity rise

20 August 2021, Published under Cement News

India is the second-largest cement market in the world with an increasing population and high development needs. Consequently, the prospects for long-term cement demand growth are good. While many cement companies have delayed investment plans due to the ongoing pandemic, in India there is a surge of activity for CAPEX projects. The Cement Manufacturing Association (CMA) currently estimates that India has an installed cement capacity of 545Mta. A report by Crisil Ratings claims that as mu...

JSW Cement partners with new investors to accelerate growth

29 July 2021, Published under Cement News

India-based JSW Cement has entered into definitive agreements to raise up to INR15.000bn (US$201.2m) from two global private equity investors, Apollo Global Management Inc (through its managed funds) and Synergy Metals Investments Holding Ltd.     The transaction is a structured private equity deal wherein compulsorily convertible preference shares (CCPS) are being issued to the investors and the conversion of such CCPS into common equity of the company will be linked to the company’s ...

JSW Cement to sets its sights on IPO and green cement leadership

16 July 2021, Published under Cement News

This week, we look at JSW Cement's plans for the future as it attracts interest from investors, intends to expand its domestic cement capacity and make an entry into India's ready-mix sector. JSW Cement is positioning itself closer to being listed on the bourses as preparations continue to move towards an initial public offering (IPO). It is now starting to dilute minority private equity stakes in the company to a selection of investors.  JSW Cement is estimated to be worth in the regi...

JSW Concrete is established in Mumbai with its first unit

22 June 2021, Published under Cement News

JSW Cement, a part of US$12bnn JSW Group, has announced its entry into ready-mix concrete   business under the brand name 'JSW Concrete'. It has set up its first production unit in Chembur, Mumbai, and has plans to expand the business to other locations.   "The RMC business foray follows the green products ethos of JSW Cement and will launch unique eco-friendly concrete for use in various commercial construction projects," the company statement said. JSW Cement is now aiming to o...

JSW Group links steel and cement for large project businesses

08 June 2021, Published under Cement News

Following the successful integration of its retail trade across steel and cement into JSW One in the east, the US$12bn JSW Group and India's largest steel producer will now have a single group interface for all its large project divisions in the steel and cement businesses.  The Indian conglomerate has created Aikyam, a technology platform where details can be accessed by the managers of large project divisions from both these businesses to capitalise on the potential opportunities. Aikya...

Shiva Cement receives approval for 1.32Mta project

07 January 2021, Published under Cement News

India’s Shiva Cement (JSW Cement) has now received approval from the state government of Odisha to add 1.32Mta of clinker capacity and 1.05Mta of cement production capacity in the form of a new facility in the Sundargarh district. The project, worth INR15.23bn (US$207.88m), received clearance during a High-Level Clearance Authority (HLCA) meeting on Wednesday.