JSW Cement Limited has announced two significant corporate actions: a plan to acquire a stake in JSW Green Energy and a transfer of securities to Nuvoco Vistas Corporation Limited.

Stake Acquisition in JSW Green Energy

JSW Cement plans to purchase a 26% stake in JSW Green Energy as part of a new agreement for solar power supply. This move indicates the company's commitment to sustainable energy sources and may potentially reduce its carbon footprint in cement production.

Transfer of Securities to Nuvoco Vistas

The Board of Directors of JSW Cement approved the execution of a Securities Purchase Agreement in a meeting held on November 7. This agreement involves the transfer of securities from Algebra Endeavour Private Limited to Nuvoco Vistas Corporation Limited.

Key Parties Involved:

• Nuvoco Vistas Corporation Limited (Purchaser)
• JSW Cement Limited (Seller 1)
• Alpha Alternatives Holdings Private Limited (Seller 2)
• Algebra Endeavour Private Limited (the company whose securities are being transferred)

Significance of Algebra Endeavour

Algebra Endeavour Private Limited is the holding company of Vadraj Energy (Gujarat) Limited, which operates power plants in Kutch and Surat. This connection to energy assets adds a layer of strategic importance to the transaction.

Regulatory Compliance

JSW Cement has stated that the requisite details of the transaction will be disclosed in accordance with Regulation 30 of the SEBI Listing Regulations. This disclosure will be made upon the execution of the Securities Purchase Agreement, ensuring transparency and compliance with regulatory requirements.

Timing and Approval

The board meeting that approved this transaction commenced at 3:00 p.m. and concluded at 6:45 p.m. on November 7. The company has emphasized that this decision was made after careful consideration by the Board of Directors.

Implications

While the specific terms and financial details of the agreements have not been disclosed at this stage, these transactions could potentially impact JSW Cement's strategic positioning in both the energy and cement sectors. The stake acquisition in JSW Green Energy aligns with the growing trend of cement manufacturers investing in renewable energy sources. Meanwhile, the transfer of securities from a company with power plant holdings to Nuvoco Vistas, another major player in the construction materials industry, may signal a realignment of assets or partnerships within the sector.

Investors and industry observers will likely be keen to see the full details of both the stake acquisition and the Securities Purchase Agreement once they are executed, as they may provide insights into JSW Cement's future strategic direction and its relationship with energy assets.

JSW Cement Limited , a key player in the Indian cement industry, has announced its financial results for the second quarter of fiscal year 2026, showcasing robust growth across key metrics. The company's performance reflects a significant turnaround and strengthening market position in the cement sector.

Financial Highlights

JSW Cement reported a substantial increase in its key financial indicators for Q2 FY26:

The company's revenue growth was driven by a 15% year-on-year increase in total volume sold, reaching 3.11 Million Tonnes. Notably, the Ground Granulated Blast Furnace Slag (GGBS) segment showed impressive growth, with volumes increasing by 21% YoY to 1.38 Million Tonnes.

Operational Performance

JSW Cement's operational efficiency improved significantly, as evidenced by:

• Operating EBITDA margin expansion to 18.6% in Q2 FY26 from 13.3% in Q2 FY25
• Operating EBITDA per ton increased to ₹860 from ₹602 in the same period last year

Sustainability Focus

The company continues to maintain its position as an industry leader in sustainability:

• Lowest carbon dioxide emission intensity among peer cement manufacturers in India and globally
• Emission intensity of 277 kg CO2 per ton of cementitious materials in Q2 FY26

Expansion and Future Outlook

JSW Cement is actively pursuing its expansion strategy:

• Commissioned a 1.0 MTPA grinding unit at Sambalpur, Odisha in September 2025
• Progress on the Nagaur integrated unit in Rajasthan, with 3.30 MTPA clinker capacity and 2.5 MTPA grinding capacity expected to be operational in early Q4 FY26
• Ongoing work on Waste Heat Recovery System (WHRS) and additional grinding capacity in Nagaur
• Regulatory approvals in process for a 2.75 MTPA split grinding unit at Talwandi Sabo, Punjab

Capital Expenditure and Debt Management

The company reported:

• Capex of ₹509 crore in Q2 FY26 and ₹964 crore in H1 FY26
• Reduction in net debt to ₹3,231 crore as of September 30, 2025, down from ₹4,566 crore on June 30, 2025, primarily due to IPO proceeds

Recent Achievements

JSW Cement's commitment to excellence was recognized through several awards:

• CII National Award 2025 for Excellence in Energy Management for the Nandyal plant
• "Five Star Award" for 2023-24 from the Indian Bureau of Mines for the Limestone Mine in Nandyal
• Gold Award for Highest Thermal Substitution Rate (TSR) and Highest utilization of Alternative Raw materials in 2024-25 for Shiva Cement

The company's strong performance in Q2 FY26, coupled with its ongoing expansion plans and focus on sustainability, positions JSW Cement for continued growth in the Indian cement market. As the company progresses with its pan-India expansion strategy, it aims to further strengthen its market presence and operational efficiency in the coming quarters.