Of the targeted $20 billion GMV by FY32, JSW products is expected to account for 65 per cent, the balance would be non-JSW
Speeding up capacity expansion would be top focus area, said analysts
JSW Group Chairman offers $7 billion for cement firm
The capital will support JSW Cement's capacity expansion to 25 million tonne annually.
The State Bank of India (SBI) has acquired a minority stake in JSW Cement Limited, part of $13 billion JSW Group.
The upgrade reflects the significant improvement in JSWCL's business profile, owing to strengthening of market position and operating performance, as well as the financial profile over the near term.
Deal structured as a PE deal with compulsorily convertible preference shares issued to the investors; conversion into equity will be based on performance and valuation at the time of IPO
Unlisted JSW Cement currently has a capacity of 14 million tonne
CCI has approved the stake acquisition in JSW Cement by Synergy Metals Investments Holding, under green channel route
JSW Cement, a part of $12 billion JSW Group, on Monday announced its foray into ready mix concrete (RMC) business under the brand name 'JSW Concrete'
Company commences market roll-out from Karnataka; sets up new manufacturing unit in Karnataka
JSW Cement said on Monday it has entered the construction chemical sector with the launch of a green product range in the category
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