JSW Cement Ltd Company Summary

JSW Cement Ltd Summary

JSW Cement Limited was incorporated on March 29, 2006 vide Certificate of Incorporation, issued by Registrar of Companies, Mumbai. The Company received a Certificate of Commencement of Business on May 12, 2006 by the RoC. JSW Cement Limited is a cement manufacturing company in India focused on manufacturing green cementitious products comprising blended cement which includes portland slag cement (PSC) and portland composite cement (PCC)) and ground granulated blast furnace slag (GGBS). The Company manufacture ordinary portland cement (OPC), clinker and a range of allied cement products such as ready-mix concrete (RMC), screened slag, construction chemicals and waterproofing compounds.The Company commissioned manufacturing unit in Vijayanagar, Karnataka in 2009 and then in year 2012, commissioned another unit in Nandyal, Andhra Pradesh. In 2015, it acquired a cement manufacturing unit with an installed capacity of approximately 0.60 MTPA in Raigad, Maharashtra from JSW Steel Limited. It commissioned the 2.4 MTPA expansion of manufacturing unit at Vijayanagar, Karnataka in 2017 and then acquired majority shareholding in Shiva Cements Limited, based in Sundargarh, Odisha.2.4 MTPA manufacturing unit at Salboni, West Bengal commissioned in 2018 and 1.2 MTPA expansion unit at Raigad, Maharashtra was commissioned. The Company further commissioned clinkerization unit with a capacity of 3000 TPD (equivalent to 0.99 MTPA)in Fujairah, UAE in 2020. The Company in 2022, completed the erection of debottlenecking facilities in Vijayanagar, Karnataka and thereafter, completed expansion capacity at Salboni unit in West Bengal comprising of debottlenecking and the transfer of a ball mill from the Nandyal Plant. It acquired 100% stake in Springway Mining Private Limited in 2021-22. In 2023, the Company commissioned a 4,000 TPD capacity clinkerization unit at Shiva Cement Limited, Sundargarh, Odisha and further commissioned the 2MTPA expansion of its manufacturing unit in Raigad, Maharashtra.The Company is planning to raise money from public through IPO aggregating upto Rs 4000 Crore Equity Shares comprising a Fresh Issue of Rs 2000 Crore Equity Shares and an Offer for Sale of Rs 2000 Crore Equity Shares.