JSW Cement filed for a ₹4,000 crore IPO (Initial Public Offering) to set up a new integrated cement plant in Nagaur, Rajasthan, India and repay debts. The US$ 477 fresh equity will be mainly used for the financing of the 3.3 Mta integrated greenfield cement plant in Rajasthan (we reported here 15. May 2024). JSW Cement has plans to hike the capacity of its cement business to 60 Mta over the next five years (photo: Integrated cement plant Nandyal in Andrah Pradesh).