JSW Cement has received approval for the incorporation of a wholly owned subsidiary in Fujairah, UAE, which will set up a cement Grinding Unit (GU) of 1.65 million tonnes per annum (MTPA) in Fujairah, UAE. Further, for setting up of aforesaid GU in Fujairah, UAE by subsidiary, the capital expenditure will be of around $39.00 Million. The said capital expenditure is proposed to be funded through the mix of debt and equity.
The Board of Directors of the company, in its meeting held on February 4, 2026, has approved the same.
JSW Cement is part of the JSW Group, a multinational conglomerate with a portfolio of diversified businesses across various sectors such as steel, energy, maritime, infrastructure, defence, business-to-business e-commerce, realty, paints, sports and venture capital.
