India’s JSW Group to take JSW Cement public in 2024

JSW aboutusglance

The JSW Group, one of India’s leading diversified business houses, is planning to take JSW Cement public this year and to raise RS 6,000 crores. The company has started discussions with eight investment banks (i-banks) to launch an initial public offering (IPO) of its cement business in 2024. In August 2023, JSW Cement announced plans to invest RS 18,000 crores to expand its cement business from 19 Mta to 60 Mta by 2030. From our knowledge later the 60 Mta have been reduced to 35 Mta.