JSW Cement to spend Rs 2,000 crore to reach target of 20 MT by 2020

JSW Cement

JSW Cement, a part of Sajjan Jindal-led JSW Group, plans to invest around Rs 2,000 crore to achieve the target of 20 million tonne annual capacity by December 2020 as per reports. The company is currently at 12.6 MT, after recently expanding its facility in Dolvi in Maharashtra to 2.2 MT, and it plans to take it to 20 MT, by a mix of brownfield expansion at all its facilities. The company is looking at a 70:30 debt-equity ratio the expansion. According to sources, they have been strategically acquiring limestone mines in Chhattisgarh, Rajasthan and Gujarat. It hopes to ramp up its capacity further to 30 mtpa after going public with addition of 5 mtpa each in Rajasthan and Chhattisgarh.

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