JSW Cement Secures Sebi Nod for Rs.4,000 Cr IPO

10 Jan 2025 CW Team

JSW Cement, a part of the Sajjan Jindal-led JSW Group, has received approval from the Securities and Exchange Board of India (Sebi) for its ?40 billion initial public offering (IPO). The company had submitted its draft red herring prospectus (DRHP) on August 17.

The IPO will comprise a fresh equity issue of Rs 20 billion and an offer-for-sale (OFS) of Rs 20 billion from existing shareholders, including Apollo Global Management, Synergy Metals Investment Holding, and SBI.

Industry Milestone This marks the first significant cement sector IPO since Nuvoco Vistas' Rs 50 billion offering in 2021. It also follows the JSW Group's IPO for JSW Infrastructure in October 2023, breaking a 13-year gap for the conglomerate in Dalal Street listings.

Expansion and Utilization Plans Proceeds from the IPO will fund key projects, including Rs 8 billion for a new integrated cement unit in Nagaur, Rajasthan, ?7.2 billion for debt repayment, and the remainder for general corporate purposes. JSW Cement, known for its focus on green cement, aims to double its installed grinding capacity to 40.85 MMTPA and clinker capacity to 13.04 MMTPA in the coming years, with a long-term target of 60 MMTPA.

Market Context The approval comes amid fierce competition in the cement sector, with M&A battles between UltraTech Cement and the ACC-Ambuja combine. The sector's dynamics make JSW Cement’s listing a notable development.

Investment banks, including JM Financial, Kotak Mahindra Capital, and Goldman Sachs, are managing the IPO. Khaitan and Co is the legal advisor.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..