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JSW Cement jumps on getting nod to incorporate subsidiary for setting up grinding unit in UAE

05 Feb 2026 Evaluate

JSW Cement is currently trading at Rs. 125.25, up by 9.10 points or 7.83% from its previous closing of Rs. 116.15 on the BSE.

The scrip opened at Rs. 120.95 and has touched a high and low of Rs. 126.40 and Rs. 120.20 respectively. So far 725398 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 162.20 on 04-Sep-2025 and a 52 week low of Rs. 106.65 on 04-Dec-2025.

Last one week high and low of the scrip stood at Rs. 126.40 and Rs. 111.15 respectively. The current market cap of the company is Rs. 16878.46 crore.

The promoters holding in the company stood at 72.33%, while Institutions and Non-Institutions held 11.11% and 16.56% respectively.

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.

Peers
Company Name CMP
Ultratech Cement 10996.00
Ambuja Cements 391.00
ACC 1246.15
Shree Cement 22588.80
Dalmia Bharat 1749.20
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