Cement News tagged under: JSW Cement
JSW Concrete is established in Mumbai with its first unit22 June 2021, Published under Cement NewsJSW Cement, a part of US$12bnn JSW Group, has announced its entry into ready-mix concrete business under the brand name 'JSW Concrete'. It has set up its first production unit in Chembur, Mumbai, and has plans to expand the business to other locations. "The RMC business foray follows the green products ethos of JSW Cement and will launch unique eco-friendly concrete for use in various commercial construction projects," the company statement said. JSW Cement is now aiming to o... |
JSW Group links steel and cement for large project businesses08 June 2021, Published under Cement NewsFollowing the successful integration of its retail trade across steel and cement into JSW One in the east, the US$12bn JSW Group and India's largest steel producer will now have a single group interface for all its large project divisions in the steel and cement businesses. The Indian conglomerate has created Aikyam, a technology platform where details can be accessed by the managers of large project divisions from both these businesses to capitalise on the potential opportunities. Aikya... |
Shiva Cement receives approval for 1.32Mta project07 January 2021, Published under Cement NewsIndia’s Shiva Cement (JSW Cement) has now received approval from the state government of Odisha to add 1.32Mta of clinker capacity and 1.05Mta of cement production capacity in the form of a new facility in the Sundargarh district. The project, worth INR15.23bn (US$207.88m), received clearance during a High-Level Clearance Authority (HLCA) meeting on Wednesday. |
JSW Cement delays IPO plans25 November 2020, Published under Cement NewsIndia’s JSW Cement has pushed back its plans for an initial public offering (IPO) to December 2022, as a result of the slowdown and disruption caused by COVID-19. The company had already generated a plan to expand its combined cement capacity to 25Mta by 2023 at an investment of INR36bn (US$486.86m). "In 2019, the sector had degrowth, in 2020 COVID hit us. Now December 2022 is a logical timeline for us for the IPO," said Parth Jindal, managing director. |
Odisha clears two cement capacity expansion projects03 September 2020, Published under Cement NewsIndia’s Odisha state government has cleared two proposals for the expansion of cement grinding capacities. It gave the go-ahead for JSW Cement’s 1.2Mta expansion and Jajpur Cement’s Pvt Ltd 1Mta expansion project – both are located in Kalinganagar in Jajpur. JSW will invest INR4.899bn (US$66.7m) while Jajpur Cements has allocated INR4bn for the project. |
JSW Group reportedly set to reduce imports from China02 July 2020, Published under Cement NewsParth Jindal, managing director of JSW Cement, has announced on social media that JSW Group plans to reduce its net imports from China. "The JSW Group have a net import of US$400m from China annually and we pledge to bring this down to zero in the next 24 months," said Mr Jindal. In the comment, Mr Jindal referred to the clash on the border of both countries, which took place earlier in June. JSW Cement currently imports clinker from China to supply its grinding operations. |
JSW Cement delays expansion and listing plans16 June 2020, Published under Cement NewsIndia’s JSW Cement has deferred its expansion plans by around 6-12 months and further delayed its listing on the bourses. The company’s plans would have seen it reach 25Mta of capacity by 2023. "As a result of the current economic situation, our expansion plans are being deferred by six to 12 months. But these will happen for sure," said Nilesh Narwekar, CEO of JSW Cement. "As of now, we do not need to raise capital and the current economic situation is also not conducive. We want to h... |
JSW Cement launches Jajpur grinding plant04 March 2020, Published under Cement NewsJSW Cement has announced that it has recently inaugurated the 1.2Mta Jajpur cement plant in Odisha, India. The launch was graced by the honourable Ratan Jindal, Parth Jindal and Abhyuday Jindal. With this expansion JSW Cement's cement capacity has expanded to 14Mta. |
JSW Cement will use UAE plant to grow06 December 2019, Published under Cement NewsThis week, JSW Cement announced that its new 1Mta clinker production unit in Fujairah, UAE, is expected to be on-stream in January 2020. The project will enable JSW Cement to transfer clinker from UAE to Mumbai, where it will complete the finish grinding for the Indian market. The Dolvi plant is the company's closest plant to Mumbai, being situated just to the south in Raigad district. However, originally it was only equipped with a single 72tph UBE VRM and had a grinding capacity of 1Mta.... |
JSW Cement expects UAE unit to be completed by January 202029 November 2019, Published under Cement NewsJSW Cement’s clinker production unit Fujairah, UAE, is expected to be completed by the end of January 2020, according to an interview with the Hindu Business Line. Parth Jindal, managing director of JSW Cement, noted that Ultratech and Ambuja send clinker from Gujarat to be ground near Mumbai. However, the freight from Gujarat and Fujairah to Mumbai is the same because they send it in small vessels and JSW plans to deliver it in big barges. The US$110m project will be the main source of... |