New Delhi, Sept. 21 -- As competition for market share gains intensifies among large cement makers, JSW Cement's expanding geographical reach augurs well for medium-term growth. In March, JSW commissioned its first greenfield integrated manufacturing plant in north India at Nagaur in Rajasthan. This plant achieved an average utilization of 55% in the June quarter (Q1FY27) and a further ramp-up should buoy volume growth in the north.

Growth driver

The north India plant is a key growth driver, providing both incremental capacity and access to a more profitable/balanced market, Motilal Oswal added in the report. The south India cement market has been grappling with an oversupply situation for a while, which has kept pricing trends in this ...