JSW Cement Aims to Double Capacity, Eyes IBC Acquisitions

23 Aug 2024 CW Team

JSW Cement, a leading player in the Indian construction sector, is targeting significant growth by doubling its production capacity to 30 million tonnes per annum (MTPA) in the coming years. The company plans to achieve this expansion primarily by acquiring distressed assets through the Insolvency and Bankruptcy Code (IBC) route.

The move aligns with JSW Cement's strategy to increase its market share in India's rapidly growing construction and infrastructure sectors. According to a senior company official, JSW Cement is actively looking at opportunities to acquire cement assets that are undergoing insolvency proceedings. These acquisitions are expected to provide the company with a faster route to expand its capacity, while also benefiting from strategic locations and existing infrastructure.

JSW Cement currently operates with a capacity of 16 MTPA, and the company aims to enhance this through both organic growth and strategic acquisitions. The IBC route offers a cost-effective way to acquire existing cement assets, which could be swiftly integrated into JSW's operations, boosting efficiency and market presence.

The company is also exploring greenfield projects and capacity expansion at its existing plants as part of its long-term growth plan. With India's cement demand projected to grow significantly in the coming years, JSW Cement's expansion strategy will enable it to cater to the rising infrastructure needs across the country.

JSW Cement's focus on capacity growth reflects its commitment to becoming a dominant force in the Indian cement industry, driven by both organic and inorganic expansion.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..