With plans for an initial public offering (IPO), Sajjan Jindal-promoted JSW Cement has a roadmap to double its cement capacity and also pursue acquisitions, according to its IPO documents.
On Friday, JSW Cement filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). According to the company’s DRHP, JSW Cement plans to increase grinding capacity to 40.85 million tonnes per annum (MTPA) from the current 20.60 MTPA and installed clinker capacity to 13.04 MTPA from the current 6.44 MTPA.
In his earlier interactions with the press last year, Parth Jindal, managing director of the company, had noted larger expansion plans of 60 MTPA…
