Cement News tagged under: JSW Cement

RSS feed

JSW Cement delays IPO plans

25 November 2020, Published under Cement News

India’s JSW Cement has pushed back its plans for an initial public offering (IPO) to December 2022, as a result of the slowdown and disruption caused by COVID-19. The company had already generated a plan to expand its combined cement capacity to 25Mta by 2023 at an investment of INR36bn (US$486.86m). "In 2019, the sector had degrowth, in 2020 COVID hit us. Now December 2022 is a logical timeline for us for the IPO," said Parth Jindal, managing director.

Odisha clears two cement capacity expansion projects

03 September 2020, Published under Cement News

India’s Odisha state government has cleared two proposals for the expansion of cement grinding capacities. It gave the go-ahead for JSW Cement’s 1.2Mta expansion and Jajpur Cement’s Pvt Ltd 1Mta expansion project – both are located in Kalinganagar in Jajpur. JSW will invest INR4.899bn (US$66.7m) while Jajpur Cements has allocated INR4bn for the project.

JSW Group reportedly set to reduce imports from China

02 July 2020, Published under Cement News

Parth Jindal, managing director of JSW Cement, has announced on social media that JSW Group plans to reduce its net imports from China. "The JSW Group have a net import of US$400m from China annually and we pledge to bring this down to zero in the next 24 months," said Mr Jindal. In the comment, Mr Jindal referred to the clash on the border of both countries, which took place earlier in June. JSW Cement currently imports clinker from China to supply its grinding operations. 

JSW Cement delays expansion and listing plans

16 June 2020, Published under Cement News

India’s JSW Cement has deferred its expansion plans by around 6-12 months and further delayed its listing on the bourses. The company’s plans would have seen it reach 25Mta of capacity by 2023. "As a result of the current economic situation, our expansion plans are being deferred by six to 12 months. But these will happen for sure," said Nilesh Narwekar, CEO of JSW Cement. "As of now, we do not need to raise capital and the current economic situation is also not conducive. We want to h...

JSW Cement launches Jajpur grinding plant

04 March 2020, Published under Cement News

JSW Cement has announced that it has recently inaugurated the 1.2Mta Jajpur cement plant in Odisha, India. The launch was graced by the honourable Ratan Jindal, Parth Jindal and Abhyuday Jindal. With this expansion JSW Cement's cement capacity has expanded to 14Mta.

JSW Cement will use UAE plant to grow

06 December 2019, Published under Cement News

This week, JSW Cement announced that its new 1Mta clinker production unit in Fujairah, UAE, is expected to be on-stream in January 2020. The project will enable JSW Cement to transfer clinker from UAE to Mumbai, where it will complete the finish grinding for the Indian market. The Dolvi plant is the company's closest plant to Mumbai, being situated just to the south in Raigad district. However, originally it was only equipped with a single 72tph UBE VRM and had a grinding capacity of 1Mta....

JSW Cement expects UAE unit to be completed by January 2020

29 November 2019, Published under Cement News

JSW Cement’s clinker production unit Fujairah, UAE, is expected to be completed by the end of January 2020, according to an interview with the Hindu Business Line. Parth Jindal, managing director of JSW Cement, noted that Ultratech and Ambuja send clinker from Gujarat to be ground near Mumbai. However, the freight from Gujarat and Fujairah to Mumbai is the same because they send it in small vessels and JSW plans to deliver it in big barges. The US$110m project will be the main source of...

JSW Cement revises IPO and capacity expansion plans

28 November 2019, Published under Cement News

India’s JSW Cement has deferred its plan for an initial public offering (IPO) by a year as the slowdown in construction activity continues, according to the Financial Express. It had planned to go public by 2020 once it hit 20Mta of capacity, however, the company has revised this target to December 2021.  The company expects to go public with a valuation of around INR250bn (US$3.49bn). "We want to first get to 20Mta before we do an IPO, because that is the critical level at which we will ...

JSW Cement plans to double green cement capacity

22 May 2019, Published under Cement News

India’s JSW Cement Ltd plans to double its green cement capacity over next couple of years. At present, the company produces green cement at its Salboni unit in West Bengal to cater to the demand of the eastern region. "The eastern markets in India are very important to JSW Cement’s growth story. Over the past year, we have implemented several initiatives to cater to requirements of all our customers, and the capacity expansion is testimony to our commitment to serving them better. The pr...

JSW Cement completes Dolvi expansion

13 February 2019, Published under Cement News

India’s JSW Cement has announced the completion of its expansion project at its plant in Dolvi, Maharashtra. The project has increased capacity from 1Mta to 2.2Mta, thereby lifting the company’s installed capacity to 12.6Mta. "Our Dolvi cement unit is located closest to our customers in Maharashtra thereby ensuring that all their requirements are serviced quickly and with the freshest quality cement. It enables us to become an integral part of state's infrastructure growth story," said Part...