India: JSW Cement plans to triple its production capacity. Managing director Parth Jindal said that the company has a current production capacity of 20Mt/yr and sufficient resources to scale up organically. Internal accruals will fund expansion to 42Mt/yr, with a qualified institutional placement or follow-on offerings considered for further expansion or acquisitions.
Jindal said that the company’s primary route will be organic growth, but that it remains open to acquisitions if strategic opportunities arise. He added that India’s cement industry is expected to grow by 6–7% in the 2026 financial year, driven by increased government infrastructure spending.
