“With the commissioning of enhanced capacity at the Dolvi plant in Maharashtra from 1 mtpa to 2.2 mtpa, our installed capacity has increased to 12.6 mtpa and we hope that by the end of this fiscal year, we will reach 14 mtpa as we will be commissioning the Jajpur unit in Odisha soon,” JSW Cement managing director Parth Jindal told reporters.
“We have a capex plan of around Rs 2,000 crore to achieve the target and we are looking at both organic and inorganic opportunities,” he said. He further added “We’ve been strategically acquiring limestone mines in Chhattisgarh, Rajasthan and Gujarat. This, coupled with our expansion in Fujairah in the UAE, will give us enough clinker security along with limestone,” He further added “But if we go in for a more aggressive expansion, then we will dilute more, but if we choose to be conservative, we would dilute less. Initially 15 percent is the target that we have,”
As per the statement an enterprise valuation is around 20000 – 25000 crore. The company might dilute 15% promoter share and another 5-10% over next five years.
