JSW Cement Ltd

JSW Cement has commissioned an additional 1.00 MTPA cement grinding unit at Nagaur, Rajasthan, increasing its total installed grinding capacity to 25.10 MTPA. This expansion, funded by equity and debt, enhances the company's ability to serve North India, including Rajasthan, Haryana, Punjab, and the NCR. The Nagaur plant's grinding capacity now stands at 3.50 MTPA. Additionally, the company commissioned an Alternate Fuel Handling System and Waste Heat Recovery System (WHRS) at the Nagaur plant, which are expected to reduce production costs. JSW Cement maintains a clinker manufacturing capacity of 9.74 MTPA and is noted for its low carbon dioxide emission intensity.

JSW Cement has successfully commissioned a new grinding unit in Nagaur, Rajasthan, adding 1 MTPA of cement grinding capacity. This expansion brings the plant's total cement grinding capacity to 3.50 MTPA and JSW Cement's overall grinding capacity to 25.1 MTPA. The company's total clinker manufacturing capacity, including its joint venture, now stands at 9.74 MTPA. This development signifies the company's ongoing growth and increased production capabilities in the cement sector.

JSW Cement Limited's Board of Directors has approved a Scheme of Arrangement for the amalgamation of its subsidiary, Shiva Cement Limited (SCL), with itself. The scheme, subject to shareholder and regulatory approvals, involves the reorganization of reserves of both companies. Specifically, SCL's accumulated losses will be adjusted against its Securities Premium Account. The amalgamation aims to right-size SCL's financial statements. JSW Cement holds 66.23% of SCL's equity. The transaction is considered a related party transaction but is expected to have no benefit to promoters and no impact on shareholding patterns.

JSW Cement Limited announced that its Board of Directors has approved a Scheme of Arrangement for the amalgamation of its subsidiary, Shiva Cement Limited (SCL), with JSW Cement Limited (JCL). The scheme also involves the reorganization of reserves of both companies. The amalgamation is subject to shareholder and regulatory approvals, including from the National Company Law Tribunal. The appointed date for the scheme is April 01, 2026. The restructuring aims to right-size the financial statements of SCL. JSW Cement currently holds 66.23% of SCL's equity share capital.

JSW One Platforms Limited, a subsidiary of JSW Cement Ltd, has filed its Draft Red Herring Prospectus (DRHP) dated September 24, 2026. This filing with the Securities and Exchange Board of India, BSE Limited, and National Stock Exchange of India Limited marks a significant step towards its Initial Public Offer (IPO) of equity shares. The IPO is contingent upon receiving necessary regulatory approvals, favorable market conditions, and other considerations. This development follows a previous intimation on August 13, 2026.

JSW Cement Ltd has received a Show Cause Notice from the Additional Commissioner of Central Tax, Belagavi Audit Commissionerate, proposing a GST demand of ₹229.85 crore for the period April 2022 to March 2024. The demand is related to alleged short payment of GST due to incorrect classification. The notice also includes proposals for applicable interest and a 10% penalty. While the company is preparing a reply, it states there is no material impact on its operations. The company is also uploading this information on its website.

JSW Cement Ltd has disclosed receipt of a Show Cause Notice from the Joint Commissioner of State Tax, CT & GST Circle, Jajpur, dated August 29, 2026. The notice, issued pursuant to a GST audit for FY 2022-23, alleges short payment of tax and irregular availment of input tax credit. The total proposed demand amounts to ₹55,97,98,020, encompassing tax, interest, and penalty. The company is preparing a reply to contest the allegations, stating that the matter primarily involves interpretation and reconciliation issues for which they have supporting documentation. JSW Cement asserts that despite the significant demand, there is no material impact on the company.

JSW Cement Ltd has received a Show Cause Notice from the Joint Commissioner, Haldia CGST & CX Commissionerate, alleging wrongful availment of excess Input Tax Credit (ITC) of ₹13,90,55,461/- for FY 2020-21. The notice, issued under Section 74 of the CGST Act, 2017, claims discrepancies in GSTR-3B, GSTR-9, and GSTR-2A data. The company's defense regarding import IGST reporting has been rejected. The notice proposes recovery of the alleged excess credit along with interest and penalty. JSW Cement is preparing a reply and states there is no material impact on the company despite the demand.

JSW Cement Ltd has disclosed receiving a Show Cause Notice from the Office of the Additional Commissioner, Central Tax (Audit), Guntur, dated August 20, 2026. The notice pertains to alleged contraventions of GST laws for the fiscal years 2020-21 to 2022-23. Key allegations include irregular reduction of taxable value, incorrect classification, wrong tax rate adoption, failure to furnish proof of supply for SEZ units, wrong availment of Input Tax Credit (ITC), and non-payment of interest on net cash liability. The proposed demand amounts to ₹81,03,42,387/- in GST, plus applicable interest and penalty. The company is in the process of filing a reply and states there is no material impact on its operations despite the significant demand.

JSW Cement Ltd has received a Show Cause cum Demand Notice from the Joint Commissioner, Central Tax (Audit), Kolkata, dated August 18, 2026. The notice, issued under Section 74 of the CGST Act 2017, alleges various discrepancies including availment of ineligible Input Tax Credit (ITC), excess availment of ITC, short payment of GST on finished goods, and turnover differences. The total proposed GST demand amounts to ₹10,26,58,291, along with applicable interest and penalty. The company states there is no material impact on its operations and is in the process of filing a reply. This information is also being uploaded on the company's website.