JSW Cement Limited acquires Springway Mining from India Cements Limited

  • Deal
  • October 27, 2022

JSA represents JSW Cement Limited in the 100% acquisition of Springway Mining from India Cements Limited.

Springway Mining Private Limited owns limestone-bearing land in Madhya Pradesh and this acquisition provides JSW Cement Limited access to substantial limestone reserves pursuant to a mining lease.
JSW Cement will be investing about INR 3,200 crore to set up two greenfield cement manufacturing facilities in central India.

This deal was signed and closed in a record time and the JSA team worked round the clock to provide end to end assistance to JSW in the matter.

JSA Transaction Team Comprised Partner – Upendra Nath Sharma, Partner – Kartik Jain, Senior Associate – Debottam Chattopadhyay, Associate – Sidharth Mehndroo, Associate – Ksanjana Chana, and Company Secretary – Alisha Chawla.

JSA Mining Laws Team Comprised Partner – Vishnu Sudarsan, Partner – Kartikeya GS, Junior Associate – Aditya Goyal.

JSA Real Estate Team Comprised Partner – Bharat Bhushan Sharma and Senior Associate – Mohit Aggarwal.

JSA Tax Team Comprised Partner & Head of Practice (Direct Tax) – Kumarmanglam Vijay and Senior Associate – Divyam Mittal.

JSA Competition Team Comprised Partner & Head of Practice (Competition Law) – Vaibhav Choukse and Senior Associate – Nripi Jolly.