JSW Cement has filed for a ₹4,000 crore Initial Public Offering (IPO) to fund the establishment of a new integrated cement plant in Nagaur, Rajasthan, and to repay existing debts.
The fresh equity, amounting to approximately USD 477 million, will primarily finance the 3.3 Mta greenfield cement plant in Rajasthan, as previously reported on May 15, 2024. This move aligns with JSW Cement’s ambitious plan to expand its cement production capacity to 60 Mta over the next five years.
