Cement News tagged under: JSW Cement
JSW Cement inaugurates railway siding for Salboni plant13 June 2018, Published under Cement NewsJSW Cement has inaugurated a 6.5km railway siding to transport inbound and outbound cargo for its 2.4Mta facility in Salboni, West Bengal. "In cement business, logistics accounts for 30-35 per cent of the cement cost and to be cost effective we are continuously working on various levers to reduce this cost. This railway siding is a step in this direction," said Parth Jindal, managing director, JSW Cement. The railway siding will improve the availability of raw material at the plant and wi... |
JSW Cement to bid on Binani Cement15 January 2018, Published under Cement NewsJSW Cement Ltd will partner with a global equity firm to bid for Binani Cement, according to The Hindu BusinessLine. It is expected that as many as 11 industry players, including Ultratech and Dalmia, will submit a bid for the company which is currently undergoing the bankruptcy process. "There are a lot of bidders and this is going to get aggressive because nobody wants to leave these assets; we would not want to leave these assets," said Sajjan Jindal, managing director, JSW Group. ... |
JSW Cement Ltd plots 20Mta capacity by 2019 with IPO17 October 2017, Published under Cement NewsJSW Cement Ltd signalled its intention to expand capacity to 20Mta from its current 12.5Mta and launch an initial public offering (IPO) sometime after the 2019 general election, the company's Managing Director, Parth Jindal, said on Monday. Mr Jindal said that the capital raised through the IPO will be used to further expand capacity as the company aims to be one of the top three cement manufacturers in the country. The capacity expansion will be implemented by setting up a new 1.2Mta ... |
New Salboni cement plant launched by JSW Cement21 July 2017, Published under Cement NewsJSW Cement, part of the JSW Group, has launched its state-of-the-art Salboni cement plant in Bengal. The largest cement plant of its kind in the state, the facility has a cement capacity of 2.4Mta and will produce premium Portland Slag Cement (PSC) grade cement. JSW Cement has targeted the eastern markets gain market share. JSW Cement will market its brand through a TVC campaign. This will be the largest ad spend by any cement brand in the eastern part of India, claims Millenium Port... |
India: JSW Bellary expansion to 3.4Mta16 January 2017, Published under Cement NewsJSW Cement Ltd is set to raise its installed capacity from 1Mta to 3.4Mta at its Bellary Plant in Karnataka. "We are increasing the cement manufacturing capacity from current 1Mta to 3.4Mta. The additional capacity will help JSW Cement to strengthen its distribution network in high-demand potential areas throughout South India," a company statement said. The company is also increasing capacity with its Vijay Nagar grinding facility in a move to strengthen its position in Karnataka and ... |
India: JSW Cement takes 37% stake in Shiva Cement12 January 2017, Published under Cement NewsJSW Cement has bought out the promoters of Odisha-based Shiva Cement, acquiring 37.15 per cent of the latter’s equity, the Economic Times reports. "The share purchase agreement has been executed with JSW Cement Ltd, for sale of shares held by the promoters of the company," Shiva Cement said in a stock exchange filing. JSW has also made an open offer to acquire a further 32 per cent of publicly held shares in Shiva – a majority stake. Shree Cement had also been in the running to acqu... |
India: JSW Cement acquiring controlling stake in Shiva Cement11 January 2017, Published under Cement NewsJSW Cement Ltd is to buy the entire promoter holding in cement maker Shiva Cement Ltd and launch an open offer to acquire another 32 per cent from the company's public equity shareholders. Odisha-based Shiva Cement confirmed that it has agreed to sell its 35.6 per cent promoter holding to JSW Cement at INR14/share (US$0.20/share). In a separate BSE filing, JM Financial Institutional Securities Ltd, manager to the offer, said that JSW Cement, together with Sun Investments Pvt Ltd and Re... |
India: JSW Cement to go public by FY1920 October 2016, Published under Cement NewsParth Jindal, managing director of JSW Cement, has told the Deccan Herald newspaper that his company will issue its first public shares when it reaches 20Mta capacity. “We will go for IPO once we reach a capacity of 20Mt. Right now, we have a production capacity of 7Mt, and plan to reach 30m by 2020. “JSW Cement would like to achieve 17m capacity by opening up eight grinding units across the country. This will require an investment of INR27bn [US$405m]. “The company can achieve the... |
India: JSW Cement capacity expansion by 202017 October 2016, Published under Cement NewsJSW Cement announced plans to expand its production capacity to 30Mta by 2020. According to Director and CEO of JSW Cement, Anil Kumar Pillai, an investment of INR27bn (US$404.3m) has been allocated to increasing capacity to 17Mta by 2018, up from its current capacity of 8.76Mta. The company has a five per cent market share in southern India and has plans to venture into the eastern markets. JSW Cement’s plants are located in Vijayanagar in Karnataka, Nandyal in Andhra Pradesh and Dolvi i... |
Deadline day reached for Lafarge India bids04 July 2016, Published under Cement NewsToday (4 July) sees the passing of the deadline by which bidders must submit binding offers for Lafarge India's assets. According to press sources, five companies – three domestic and two foreign – are in the running for the facilities, which include production capacity of 11Mta. The five firms submitting their bids today are: Cemex, Anhui Conch, JSW Cement, Piramal Enterprises and the Nirma Group. Of the five, only JSW Cement has a significant presence in the Indian market: the company h... |