According to the latest Reuters report, JSW Group is hoping to purchase distressed port assets in India as part of a wider move for a massive expansion of its ports capacity.
The acquisition attempt comes as many of JSW's competitors look to sell assets to pay off debt racked up in recent years, before India's economy began to cool.
Having borrowed heavily to expand its power and steel sections, JSW was named by Credit Suisse last year as one of India's 10 most indebted groups.
JSW Infrastructure currently has a port capacity of 33 million t spread across three ports on the western coast of India. The company plans to increase that six times to 200 million t by 2020.
JSW’s port and cement units both make money, and JSW can raise debt or equity to fund acquisitions.
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The Portland Cement Association (PCA) has announced the winners of the 2021 Chairman’s Safety Performance Awards, which recognise outstanding safety performance in the manufacturing of Portland cement.
JSW Cement Ltd is planning to set up a 3 million tpa clinkerisation plant in Gulbarga district, Karnataka, at cost of approximately Rs.2000 – 2500 crore.
WEBINAR - Continuous Emission Monitoring Systems (CEMS) – Supporting your industry to become net-zero
Protecting, preserving, and restoring the environment are major goals for modern cement producers. In this webinar, the product and industry experts from SICK will talk about the different technologies used to measure exhaust gases from cement production on a continuous basis and the differences between process gas and emission monitoring.
