Page 3 - Jsw Cement

JSW Cement to invest Rs 3K cr to set up manufacturing unit in Rajasthan

JSW Cement on Tuesday said it plans to invest around Rs 3,000 crore to set up a cement manufacturing facility in Nagaur district of Rajasthan. The greenfield, integrated facility will be funded by a mix of debt and equity, the company said. The investment in the new facility includes a clinkerization unit of up to 3.30 MTPA (million tonnes per annum) and a grinding unit of up to 2.50 MTPA, said a statement from JSW Cement, a part of USD 24.25-billion JSW Group. The new plant will also have an 18 MW waste heat recovery-based power generation system, it added. "The proposed investment will be funded through a mix of equity and long-term debt," it said. This new plant is also expected to create more than 1,000 direct and indirect job opportunities, JSW Cement said. The investment also includes around 7-km overland belt conveyor to transport limestone from mines to the manufacturing plant and arrangements to use alternative fuel in the kiln. JSW Cement Managing Director Parth Jindal

JSW Energy announces completing Rs 5,000 cr QIP to fund growth plans

The company, in a disclosure earlier, had said the proceeds would be used for investments in JSW Neo Energy, a subsidiary which holds green energy assets and repayment of certain borrowings

Sajjan Jindal's JSW Cement begins talks with i-bankers for Rs 6k cr listing

The Sajjan Jindal-led JSW group is likely to list its cement business after the general elections

Adani, JSW Cement, and ArcelorMittal eyeing Vadraj Cement in IBC Sale

The Bombay High Court ordered the winding up of Vadraj Cement in August 2018, leading to the decision to sell the company under the IBC process

JSW, Vedanta's Rs 10K cr investment in cement plants stuck in red tape

Mega investments of JSW Group and Vedanta in setting up cement plants in Punjab are awaiting approval from the state government, sources aware of the matter said. The Vedanta Group company, Talwandi Sabo Power Plant (TSPL) plans to set up cement manufacturing plants in Punjab, with an overall investment of around Rs 10,000 crore. TSPL has plans to set up multiple cement plants adjacent to its existing power plant in the Mansa district of Punjab, and one of these plants will be set up by the JSW Group. The Fly ash from the TSPL's power plant will be used to manufacture cement. However, the cement project, which has the potential to generate over 2,000 jobs for the Punjab, is awaiting approvals from various state government departments, they said. According to the sources, TSPL's proposal has been awaiting approval from the Punjab Government's office of the Chief Town Planner and Director of Factories for the last 18 months. This is despite assurance at the highest level at the Inve

Cement cos in race to increase capacity with lowest cost producer tag

Dalmia Cement is planning to take its capacity of 43.7 million tonnes per annum to 110-130 million tonnes per annum by 2031

JSW Group makes another attempt to scale-up cement, port business

JSW Infrastructure, the group's port division, aims to raise Rs 2,800 crore through an initial public offering (IPO), which closes on Wednesday

Higher fuel cost and low-demand headwinds seen for cement companies

Planned supply-additions likely to coincide with post-election weakness in demand. Weak monsoons, rise in fuel cost to add further woes

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

JSW Cement signs $50 mn green loan agreement with French lender BNP Paribas

JSW Cement has signed a sustainability-linked loan agreement with the domestic arm of French lender BNP Paribas to raise USD 50 million or about Rs 414 crore in debt capital. This is JSW Cement's second green debt capital taking the total sustainability-linked funding to USD 100 million now, the company said in a statement. The company plans to use the money to fund its capacity expansion in line with its long-term target of achieving 50 mtpa capacity. According to Parth Jindal, the managing director of JSW Cement, the second green loan comes within six months of availing the first such loan. He said the company has increased its production capacity four times in the past eight years, but has reduced the carbon emission intensity by half during this period and that the latest green loan underscores their continued commitment to Environmental, social and governance (ESG) goals.

JSW Cement raises Rs 400 cr via sustainability-linked loan from BNP Paribas

In October last year, the company had signed another SLL agreement of Rs 400 crore with Japan's Mitsubishi UFJ Financial Group

Dalmia-Jaypee deal: Battle for third spot in cement market intensifies

Shree Cement adding 9 mtpa of capacity in the next 15 months, HM Bangur says; total cement production capacity of company to jump to 56.4 mtpa...

JSW Energy seeks shareholders' nod to appoint Parth Jindal as director

JSW Energy has sought shareholders' approval to appoint Parth Jindal as a director on the company's board. Parth Jindal is the son of the company's Chairman an Managing Director Sajjan Jindal. The remote e-voting process for the resolution to appoint Parth Jindal as a director will start on November 23 and end on December 22, according to a postal ballot notice. Parth Jindal, who is 32 years, was appointed as an additional director of the company with effect from October 28. He earned his MBA from the Harvard Business School in 2016 and his Bachelor of Arts in Economics and Political Science from the Brown University in 2012. He joined the USD 22 billion- JSW Group in 2012 and prior to that, he spent two years working abroad. He was appointed as an economic analyst within the group's corporate strategy team. Presently, Parth Jindal is the managing director of JSW Cement Ltd, managing director of JSW Paints Pvt Ltd and founder of JSW Sports Pvt Ltd.

UltraTech to ramp up domestic cement capacity by a third by FY26

Cement major on track to reach 131.25 mtpa by Q4

Several Indian corporate houses set to become carbon neutral by 2050

Companies including Mahindra & Mahindra, Aditya Birla Group, JSW Group, Adani Transmission, Vedanta, and Dalmia Cement have set decarbonisation goals to achieve carbon neutrality by 2050

JSW Cement to invest over Rs 3,200 crore in new plants in MP and UP

The combined cement capacity of these units will be 5 million tonnes per annum

India Cements to sell Springway Mining to JSW Cement; stock slips 6%

India Cements has sold its Madhya Pradesh limestone mine, and land to Sajjan Jindal-owned JSW Cement for Rs 477 crore

Adani to buy Jaypee cement units; JSW buys India Cements' MP unit

Adani aims to become India's top cement company by 2030; rival Ultratech stepping up capacity

JSW Cement secures Rs 400 cr as sustainability-linked loan from MUFG Bank

JSW Cement on Monday said it has raised Rs 400 crore from MUFG Bank India as its first sustainability-linked loan. The Sajjan Jindal-led company plans to deploy the fund for capital expenditure to achieve its annual capacity target of 25 million tonne by FY25, it said in a statement. While this credit line is the first sustainability-linked loan for the company, it is also MUFG Bank India's first transaction undertaken out of its new IFSC unit branch launched in August 2022 in the Gift City, it said. Parth Jindal, Managing Director of JSW Cement, said the funding will enable the company to meet its goal of 25 million tonne per annum capacity by FY25 and also forms part of its environmental, social, and governance (ESG) objectives. JSW Cement has installed capacity of 17 million tonne across its units at Vijayanagar in Karnataka, Nandyal in Andhra Pradesh, Salboni in West Bengal, Jajpur in Odisha and Dolvi in Maharashtra. Its subsidiary Shiva Cement is investing Rs 1,500 crore in a

UltraTech, JSW in race to acquire India Cements' project in Madhya Pradesh

India Cements had indicated in its FY22 annual report that it had acquired 184.53 hectares of limestone-bearing land at Pawai Tehsil in Panna District of Madhya Pradesh.