The $12 billion JSW Group will now have a single group interface for all its large project divisions in the steel and cement businesses.
JSW Energy has inked a business transfer agreement with JSW Cement for the sale of 18 megawatt (MW) thermal power plant at Salboni, in West Bengal for Rs 95.67 crore
JSW Cement, a part of USD 12 billion JSW Group, on Friday said it is digitising its sales & marketing operations. The move will provide its channel partners ease of doing business by leveraging Artificial Intelligence-based digital interventions, JSW Cement said in a statement. JSW Cement has partnered with Yalochat, leading conversational commerce service provider, which enables the company to upsell, transact and provide better service to its customers over messaging apps like WhatsApp. "Our digital transformation will ensure the ease of doing business to our customers through continued improvements in the overall Brand experience combined with efficient operations for well-synchronized & timely deliveries," JSW Cement Managing Director Parth Jindal said. JSW Cement has a presence in East, West & Southern regions of India. It has manufacturing units at Vijayanagar in Karnataka, Nandyal in Andhra Pradesh, Salboni in West Bengal, Jajpur in Odisha and Dolvi in Maharashtra.
Once commissioned, the proposed clinker unit will service JSW Cement's manufacturing facilities across East India and is expected to create around 500 direct and indirect jobs
With an aim to up its market share and enhance capacity, Parth Jindal, managing director of JSW Cement, has strong plans for the cement business
The plant will have an annual capacity of 1.36 million tonne
The company cited disruptions due to the pandemic and economic slowdown
The original plan was to evolve into a 20 mtpa company by 2020
The company is planning to expand manufacturing capacity at its Odisha-based subsidiary Shiva Cement
Parth Jindal is also preparing for a retail launch of its paints business'
JSW Cement is also likely to begin the work on the much-awaited initial public offer from this December and hopes to launch the issue before March 2021
With this expansion from one MTPA to 2.2 MTPA, the current installed capacity of the company has increased to 12.6 MTPA, JSW Cement said in a statement
IPO plan is hinged to the company ramping up JSW Cement's production capacity
The unit will service JSW Cement's manufacturing units in coastal India and is expected to create 400-500 direct and indirect job opportunities
Binani Cement has an operating capcity of 11.25 MTPA across India, China, and Dubai, and has good limestone reserves in Rajasthan
Jindal said the vision was to build a cement capacity of 20 mtpa by 2020
The auction was finally won by Ambuja Cement, a subsidiary of Swiss giant Lafarge-Holcim and party to JSW's suit
Post-IPO, according to Jindal, the company will be targeting at reaching 30 MT capacity by 2025