JSW Cement to look at inorganic growth

India's JSW Cement has announced that it will be looking at inorganic expansion to reach its target of increasing capacity to 20Mta by 2020.

The ongoing bad-loan resolution process has opened up opportunities to acquire cement assets in India. The company views the assets of debt-laden companies to have a strong potential to grow, while enabling swift scaling and optimisation of these capacities, according to a statement.

"The company views the improving economic growth scenario, continued thrust on boosting India’s infrastructure sector and materialization of pent-up demand as primary drivers for cement consumption," said Nilesh Narwekar, CEO. "As part of our strategy to capitalise on these opportunities, JSW Cement is planning to increase its overall cement production capacity to 20Mta by 2020," said Mr Narwekar.

"The company will then launch an IPO with a view to unlock the real value of the business," he added.