JSW Cement to Double Capacity, Pursue Asset Acquisitions via IBC

23 Aug 2024 CW Team

JSW Cement is setting ambitious growth plans to double its production capacity and enhance its market presence. The company is targeting both organic and inorganic expansion strategies to achieve this goal. As part of its growth trajectory, JSW Cement intends to capitalise on opportunities within the Insolvency and Bankruptcy Code (IBC) framework to acquire distressed assets.

Currently operating with a capacity of around 20 million tonnes per annum (MTPA), JSW Cement aims to increase this figure to 40 MTPA in the next few years. The expansion strategy will involve setting up new plants and upgrading existing facilities. Additionally, the company is eyeing strategic acquisitions through the IBC route to strengthen its position in key markets.

The push for expansion comes amid rising demand in the construction sector, which is driving the need for enhanced production capacity. The company believes that acquiring distressed assets will enable it to scale up quickly and efficiently while maintaining cost competitiveness.

JSW Cement?s long-term vision aligns with the broader goals of its parent company, JSW Group, which seeks to enhance its footprint in various sectors. With a focus on sustainable growth and a strong commitment to achieving operational excellence, JSW Cement is poised to become a significant player in the Indian cement industry.

These strategic moves are expected to boost the company's competitive edge and contribute to its goal of becoming a top-tier cement manufacturer in India.

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