HIGHLIGHTS OF THE YEAR
Financial Capital
₹ 5,813 CR
Revenue
14.9 %
Operating EBITDA Margin
₹ (164 ) CR
PAT
Manufacturing Capital
12.27 MT
Cement & GGBS Saleable Production
62.89 %
Grinding Utilisation
Intellectual Capital
5
Patents Received
₹ 17 CR
IT-related Expenses
₹ 82 CR
Branding and Advertising Expenses
Social and Relationship Capital
4.2 LAKH
Total CSR beneficiaries
₹ 9.45 CR
Total CSR Expenses
Sustainability Strategy
Driving Sustainability through ‘CO-CREATE Strategy’
At JSW Cement, sustainability is embedded at the core of our business through our strategy “CO-CREATE” a comprehensive framework designed to drive long-term value creation for both the company and its stakeholders.
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Management overview
Chairman’s MessageOur Journey to Transformative Leadership
JSW CEMENT HAS EMERGED AS INDIA’S FASTEST-GROWING AND THE MOST SUSTAINABLE CEMENT PRODUCER, DISTINGUISHED BY AN ENVIABLE TRACK RECORD OF SPEEDY AND SUCCESSFUL EXECUTION OF SCALING NEW FACILITIES IN NEW MARKETS.
Seshagiri Rao MVSChairman
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Management overview
Letter from the Managing DirectorBuilding Tomorrow’s India
FY 2024-25 WAS ALSO A LANDMARK YEAR IN OUR CAPITAL JOURNEY. WE FILED THE DRAFT RED HERRING PROSPECTUS (DRHP) WITH SEBI AND RECEIVED REGULATORY APPROVAL FOR OUR PROPOSED UPTO ₹ 4,000 CRORE INITIAL PUBLIC OFFERING (IPO). THE PROCEEDS WILL BE USED STRATEGICALLY TO DRIVE GROWTH AND MEET OTHER OBJECTIVES.
Parth JindalManaging Director
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Management overview
Letter from the CEOBuilding a Sustainable Future
AT JSW CEMENT, OUR LONG-TERM GROWTH IS ANCHORED IN A CLEAR STRATEGY: EXPAND CAPACITIES, OPTIMISE COSTS, AND DRIVE SUSTAINABLE OPERATIONS. IN PURSUIT OF THIS, WE CONTINUED TO MAKE STEADY PROGRESS IN FY 2024-25 ACROSS OUR MULTI-LOCATION EXPANSION PROGRAMME, BUILDING ON THE ROBUST GROUNDWORK LAID IN THE PREVIOUS FISCAL.
Nilesh NarwekarChief Executive Officer
Read MoreValue Creation ModelDriving Sustainable Value
FINANCIAL CAPITAL
- Equity ₹ 986 crore
- Debt ₹ 6,166 crore*
- Fixed assets ₹ 6,568 crore**
- Net worth ₹ 2,372 crore
MANUFACTURED CAPITAL
- Plant-wise Grinding Capacity
- Nandyal integrated unit 4.2 MTPA
- Vijayanagar grinding unit 6.0 MTPA
- Salboni grinding unit 3.6 MTPA
- Dolvi grinding unit 4.5 MTPA
- Jajpur grinding unit 1.5 MTPA
- Salem grinding unit 0.8 MTPA
- Total manufacturing capacity 20.6 MTPA
- No. of new units under construction 1
- Presence in the number of states 15
INTELLECTUAL CAPITAL
- IT related expenses ₹ 17 crore
- R&D Centres 1
HUMAN CAPITAL
- Employees on roll 1,618
- Contractual Employees 2,371
- Employee benefit expenditure ₹ 369 crore***
- Average training hours per person 23.2
SOCIAL AND RELATIONSHIP CAPITAL
- Total CSR expenditure ₹ 9.45 crore
- Dealer network 4,600+
- Sub-dealer network 7,500+
- Total influencer**** 57,404
NATURAL CAPITAL
- Total fuel used (excluding BF & CO gas) 0.55 MMT
- Total BF and CO used 15.4 Crore Nm3
- Total water used 0.97 Million m3
- Total electrical energy consumed 609 Million units
- Clean Energy consumption 130 Million units
- Green energy capacity 48.5 MW
* Including CCPS of ₹ 1,898 crore issued to investors
** Including ROU & intangible assets
*** Including ESOP expense ₹ 51 crore
**** Influencer includes Mason, Contractor, Engineer and Architect
EXTERNAL ENVIRONMENT
- Innovative Products
- Strategic Priorities
- Governance Framework
- Regulatory Compliance
- Risk and Opportunities
- Sustainability – CO-CREATE
- Technological Advancement
Vision
Global recognition for quality and efficiency while nurturing nature and society
Mission
Supporting India’s growth in core economic sectors with speed and innovation
Mission
Transparency Strive for excellence Dynamism Passion for learning
Strategic priorities
- Create a pan-India footprint by setting up new plants in north and central India, supplemented by expansions in our current regions of operation
- Continue to deepen our presence in existing markets and grow our market share
- Continue to improve operational efficiency and implement cost reduction measures
- Continue to focus on sustainable development
Cement Production
7.17 MMT
CO2 emissions
3.1 MMT
GBBS Production
5.21 MMT
PSC
2.84 MMT
GGBS
5.18 MMT
OPC
2.49 MMT
Concreel HD
1.14 MMT
PPC
0.05 MMT
Composite Cement
0.57 MMT
Screened Slag
0.04 MMT
FINANCIAL CAPITAL
- Revenue from operations ₹ 5,813 crore
- Operating EBITDA ₹ 876 crore
- PAT ₹ (165) crore
- Debt equity ratio 2.60
MANUFACTURED CAPITAL
- Grinding capacity utilisation 62.89%
- Increase in cement and GGBS production 2%
- Green products as a percentage of portfolio 79.7%
INTELLECTUAL CAPITAL
- New products launched 20
- Patents filed 6
- Patents granted 5
HUMAN CAPITAL
- Lost Time Injury Frequency Rate (LTIFR) Nil
- Employee retention 81.97% - Male 80.23% - Female
- Gender diversity 6.1%
- Employees trained 62%
SOCIAL AND RELATIONSHIP CAPITAL
- Beneficiaries impacted 4.2 lakh
NATURAL CAPITAL
- Alternative raw material substitution 64%
- Wastewater recycled 63,157 m3
- Share of harvested water in total water consumption 44%
- Hazardous waste generated 10.9 MT
- Non-hazardous waste generated 21,645 MT
- Waste utilised 8.8 MMT
- CO2 Emissions avoided 2,19,833 Tonnes
- Thermal substitution rate 16.5%
- Net CO2 emission intensity 230 Kg/T
Strategic PrioritiesBlueprint for Success
JSW Cement blends innovation and environmental stewardship to shape a world driven by sustainable growth.
S1Create a pan-India footprint by setting up new plants in north and central India, supplemented by expansions in our current regions of operation.
Capitals Impacted
Risk profile
SDGs Impacted
S2Continue to deepen our presence in existing markets and grow our market share
Capitals Impacted
Risk profile
SDGs Impacted
S3Continue to improve operational efficiency and implement cost reduction measures
Capitals Impacted
Risk profile
SDGs Impacted
S4Continue to focus on sustainable development
Capitals Impacted
Risk profile
SDGs Impacted
capital wise performance Value created across capitals
Financial Capital
Empowering Growth
Efficient financial capital management is vital for JSW Cement’s strategic vision of sustainable growth. The company has consistently demonstrated remarkable progress in key financial metrics, reflected in a strong balance sheet and robust financial health.
KPIs
₹65 crore
Cash and cash equivalents
₹2,372 crore
Net worth
₹734 crore
Sustainability-linked loans vs ₹ 834 crore in FY 2023-24
Manufactured Capital
Foundation for growth
JSW Cement’s manufacturing excellence stems from our integrated value chain and state-of-the-art facilities, enabling optimum resource utilisation while expanding our premium product portfolio.
KPIs
14.05%
TSR
Zero
Mining waste policy
Intellectual Capital
Innovation driving excellence
Innovation is the engine that fuels our sustainable growth. We continue to explore and develop new technologies and solutions, such as clinker substitution, alternative raw materials, and green cement, that help us reduce our carbon footprint.
KPIs
Corporate R&D
at Vijayanagar, Bellary
7
Quality Control labs in plant locations
6
Filed Patents
5
Granted Patents
Human Capital
Building a future-ready workforce
Our success depends on our people. We invest in empowering our people to innovate and build a better future for themselves, customers and society at large. We adopt a holistic talent management approach to cultivate a diverse, engaged and motivated workforce.
KPIs
6.1%
Diversity ratio
262
New employees added during the year
2.9
Training days per employee
Social and Relationship Capital
Building resilient communities and supplier networks
We are committed to fostering sustainable development and improving the quality of life of in communities surrounding our operations.
Beneficiaries
73,544
Education
1,76,738
Health
20,750
Livelihood
Natural Capital
Environmental leadership
As one of India’s leading companies with a comprehensive low-carbon products portfolio, JSW Cement is dedicated to reducing its environmental impact through strategic sustainability efforts.
KPIs
230 KG/T
Net CO2 emissions intensity (Scope 1)
1,20,000 Tonnes
CO2 emissions avoided due to use of AFR (Alternative Fuel and Raw Materials) at Nandyal and Shiva
Anchored by solid oversight
At JSW Cement, we uphold ethical and responsible business practices through a strong governance framework, anchored by bestin-class policies, structures, and a proficient leadership team.
Read MoreManagement Discussion and Analysis
In 2024, the global economy recorded a growth rate of 3.3%, reflecting steady expansion despite the presence of significant geopolitical tensions, trade disruptions, and persistent inflationary pressures.
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AwardsRecognised for excellence
R&D: Road InstaCure:World Of Concrete 2024
CII CAP (Climate Action Program) Award 2024 – towards control of CO2 emission
DLV: Five Star & Sword Of Honor by British Safety Council on 29 Nov 24 in London
Awards in Circular Economy (ACE) by International Council for Circular Economy(ICCE)
Nandyal: Five Star Rating for reporting year 2022-23 by Indian Bureau of Mines. (Out of 1256 major mineral mines in India, only 68 received Five Star Rating)
Vijayanagar & Dolvi: Manf. Competitiveness (Gold Category) by International Research Institute for Manufacturing
CSR: Nagaur: Bhamashah Award for outstanding contribution in Education sector
Vijayanagar/JJP/Dolvi/Shiva: Green Enviro Platinum award for Safety Excellence