JSW Cement Ltd IPO

We are among the top 10 cement companies in terms of installed capacity and sales volume as of March 31 2025

We are India's largest manufacturer of ground granulated blast furnace slag (GGBS) and have a proven track record of scaling up this business.

Strategically located plants that are well-connected to raw material sources and key consumption markets.

We have the lowest carbon dioxide emission intensity among our peer cement manufacturing companies in India and the top global cement manufacturing companies.

Extensive sales and distribution network in India and focus on strong brand.

Its business depends on the company ability to mine and procure sufficient limestone for its operations. The company inability to do so on reasonable terms, or at all, could have an adverse impact on its business, financial condition, and results of operations.

A grinding unit at Sambalpur, Odisha is currently being constructed by Bhushan Power and Steel Limited, a Group Company, and post commencement of operations this unit is proposed to be transferred to Shiva Cement Limited, our Subsidiary. The Supreme Court of India pursuant to its order dated May 2, 2025 has directed for initiation of liquidation proceedings against Bhushan Power and Steel Limited, which has subsequently been stayed by the Supreme Court of India. There can be no assurance that the Sambalpur plant will commence operations within the timeline or at the planned costs and that Bhushan Power and Steel Limited will not be liquidated. Any adverse occurrence in relation to Bhushan Power and Steel Limited or in relation to the Sambalpur may significantly impact our expansion plans and financial condition.

The company is significantly dependent on JSW Steel Limited and its subsidiaries, its related parties, for the supply of blast furnace slag (92.93% of total blast furnace slag consumed in Fiscal 2025), which is a key additive raw material used for manufacturing green cementitious products such as ground granulated blast furnace slag and blended cement. The company also purchase a part of itsrequirement of other raw materials such as fly ash and clinker from members of JSW Group. The loss of one or more such suppliers could adversely affect its business, results of operations, financial condition, and cash flows.

Create a pan-India footprint by setting up new plants in north and central India, supplemented by expansions in our current regions of operation.

Continue to deepen our presence in existing markets and grow our market share.

Continue to improve operational efficiency and implement cost reduction measures.

Continue to focus on sustainable development.