India: JSW Cement plans to invest over US$275m towards meeting its target production capacity of 20Mt/yr by 2020. Following this achievement it intends to launch an initial public officer (IPO), according to the Economic Times newspaper. The company aims to reach its capacity target through expansions and upgrades at its existing plants.
At present the cement producer has a capacity of 12.6Mt/yr. It will add 1.8Mt/yr at Dolvi, 1.8Mt/yr at Vijayanagar, 1.2Mt/yr at Jajpur in Odisha and 1.2Mt/yr in Salboni. Following the IPO it will build new capacity in Rajasthan and Chhattisgarh.