Support and Resistance Levels
Past performance
About JSW Cement Ltd **JSW Cement Limited** is an Indian cement manufacturer established in 2006 and headquartered in Mumbai, India. The company specializes in producing environmentally friendly cementitious products, including Portland Slag Cement (PSC), Portland Composite Cement (PCC), and Ground Granulated Blast Furnace Slag (GGBS). Its product portfolio also includes Ordinary Portland Cement (OPC), clinker, ready-mix concrete (RMC), screened slag, construction chemicals, and waterproofing compounds.
JSW Cement has been expanding its production capacity since 2009, starting with its first manufacturing unit at Vijayanagar, Karnataka. The company added facilities in Nandyal, Andhra Pradesh, in 2012 and Raigad, Maharashtra, after acquiring the unit from JSW Steel in 2015. Expansion projects followed at major locations, including Salboni, West Bengal, and internationally in Fujairah, UAE. The Fujairah unit’s clinkerization line, commissioned in 2020, marked the company's foray into the global market. Additionally, JSW acquired a majority stake in Shiva Cement Limited and a 100% stake in Springway Mining Private Limited, strengthening its vertical integration within the cement production chain.
By 2023, JSW Cement achieved a significant milestone by commissioning a 4,000 TPD clinkerization unit at Shiva Cement, Odisha, and expanding its Raigad manufacturing capacity by 2 MTPA. These developments highlight the company's focus on increasing production capabilities and geographic diversification.
JSW Cement is planning to go public with an Initial Public Offering (IPO) worth Rs 4,000 crore. This includes a fresh equity issue of Rs 2,000 crore and an equal amount through an Offer for Sale. The IPO marks a key step in the company’s growth strategy, potentially funding future operations, expansions, and debt reduction, while offering traders an opportunity to invest in the growing infrastructure and construction sector.