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Seven IPOs...
August 05, 2025
|Financial Express Lucknow
What is JSW Cement's growth target over the next few years?
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We have a medium-to-long-term target of being a 10% market share player pan-India. Looking at the way the industry is growing—last year, India consumed about 435 million tonne cement. If you look at about 6-7% growth over the next 5-6 years, this number will go to about 700 million. We have a vision of 60 million (tonne capacity), which would give us about 6-7% market share, maybe 7-8%. We are working on how to get to 10%.
Why was the IPO size reduced from ₹4,000 crore to ₹3,600 crore, and why only in the primary component?
We believe that the near-term requirements of JSW Cement are being met by ₹1,600 crore as well as the internal accruals of the company. Secondly, we want to save any future dilution for later, like after a year or whenever we need the capital through (instruments like) a QIP or an FPO. When we filed the DRHP, the cement industry was going through a huge downturn and we needed this ₹400 crore extra for our projects. Now, we can make do with less for our immediate requirement.
Are you seeing improved pricing discipline and industry conditions after last year's challenges?
هذه القصة من طبعة August 05, 2025 من Financial Express Lucknow.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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