JSW to invest Rs 18,000 crore to expand cement business: Parth Jindal

We have now made a roadmap to scale-up our capacity by three times to 60 million tonnes over the next five years

PARTH JINDAL, the 33-year-old scion of the $23 billion revenue JSW Group, aims to make significant strides in the cement industry — currently dominated by UltraTech and Ambuja Cements. JSW Group is open to acquiring more companies, provided the valuations are favourable and it does not overburden the group with additional debt. In an interview with Dev Chatterjee, the managing director of JSW Cement and JSW Paints reveals plans to invest Rs 18,000 crore to treble cement capacity to 60 million tonnes per annum (mtpa), while the paint company is targeting Rs 10,000 crore in sales, despite increased competition from