JSW Cement forays into ready mix concrete business under ‘JSW Concrete’

JSW Cement, a part of $12 billion JSW Group, on Monday announced its foray into ready mix concrete (RMC) business under the brand name ‘JSW Concrete’

Topics

JSW Cement | JSW Group

JSW Cement, a part of USD 12 billion JSW Group, on Monday announced its foray into ready mix concrete (RMC) business under the brand name ‘JSW Concrete’.

It has set up its first commercial RMC unit in Chembur, Mumbai and has plans to expand the business to other locations, JSW Cement said in a statement.

“The RMC business foray follows the green products ethos of JSW Cement and will launch unique eco-friendly concrete for use in various commercial construction projects,” it said.

The RMC business foray is part of JSW Cement’s strategy to offer the entire range of building material products to its customers, it said.

“This strategic business foray would augment the company’s existing building materials portfolio comprising cement, construction chemicals and steel with concrete, thus elevating JSW Cement into the league of a handful of companies in India, offering complete building materials solutions under one roof,” said JSW Cement.

Over the next five years, JSW Concrete plans to expand into the souther and western region of India.

“The addressable market for RMC in India is estimated to be approximately USD 2.4 billion and is expected to grow at a CAGR of 9 per cent till FY25. This growth potential is largely driven by a government push for large infrastructure projects and a boom in housing construction,” it said.

Its Chembur unit, with a capacity of 2 X 60 cubic meters per hour, will service the concrete requirements of construction projects in Central & South Mumbai.

Over the next 12 months, the Company plans to establish three additional units in Mumbai Metropolitan Region (MMR) covering Navi Mumbai, Thane & Western line, it added.

“JSW Cement will focus on setting up these RMC units to cater to the concrete requirement of big infrastructure & commercial projects as well as housing projects within the catchment zones of Mumbai,” it said.

Commenting on the development, JSW Cement Chief Marketing Officer C L Sethunathan said: “With the brand strength of JSW Group and its pan-India presence, JSW Concrete will enable us to offer a credible product to our customers. Our RMC foray also enables JSW Cement to offer to our clients an integrated building material bouquet of offerings.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor