JSW Cement Targets 60 MTPA Capacity, Eyes Top-Five Spot in India’s Cement Sector

JSW Cement, owned by Sajjan Jindal’s JSW Group, will be tripling its cement production capacity within the next few years with a 60 million tonnes per annum (MTPA) target, which would place it amongst the top five cement producers by volume in India.

Currently, they operate at 20 MTPA, but the increased output will mainly be fed by organic growth. Parth Jindal, managing director, stated that JSW Cement already has available mines, land, and assets to expand. “Our resources are in place. Our target is a build-up to 42 MTPA through internal accruals. The rest of the raise will consider a qualified institutional placement or follow-on offering,” he said.

While facilitating greenfield and brownfield expansions, JSW Cement is aloof to strategic acquisitions. “If a good opportunity for inorganic growth arises, we wouldn’t hold back,” added Jindal.

The company comes into action with the bright outlook of cement. According to Jindal, India’s cement demand would grow 6%-7% in FY26, driven by strong government infrastructure spending. Roads, highways, housing, and urban development are forecasted to be the key growth areas.

The expansion plan for JSW Cement dovetails well with the larger ambition of the JSW Group to diversify and strengthen its presence in core industries. The cement unit has been constantly strengthening its geographical presence in the states of Andhra Pradesh, Karnataka, Maharashtra, Orissa, and West Bengal, with an increasing distribution network within the country.

Before the establishment of its standard product line, cement had to contend with medium- to high-compression material, low-water-cement ratio, and interval rigid quality standards materials.

Capacity expansion becomes crucial, particularly in the current growing demand scenario, the capital-intensive nature of the sector, and the demand to remain competitive. Moving then to 60 MTPA will greatly increase JSW Cement’s market share, bringing it that much closer to competing with other industry leaders like UltraTech Cement, Adani Cement, and Shree Cement.

“There is one vision clear – to be among the top five producers of cement in India. With the current infrastructure push and our existing resource base, this is the time for a boost,” Jindal stated.

Thus, the growth plan is an extension of the belief within the group that the construction boom in India will last for many years to come, even into this decade and into the future.