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