JSW Cement has announced the incorporation of a new wholly-owned subsidiary, JSW Cement Middleeast L.L.C – SPC, in Fujairah, UAE. The subsidiary was officially incorporated on 24th March 2026, under the jurisdiction of Fujairah Municipality.
The new entity will focus on the cement industry, aligning with JSW Cement’s main line of business. The incorporation was approved by Fujairah Municipality, and the subsidiary will undertake cement business and other allied activities.
JSW Cement has subscribed to the ordinary shares of the newly formed company with a cash consideration of AED 100,000. The company will hold 100% ownership of the subsidiary, ensuring full control over its operations.
As the subsidiary is newly incorporated, it currently reports no turnover. The establishment of this subsidiary marks JSW Cement’s strategic expansion into the Middle Eastern market, leveraging the region’s growing demand for construction materials.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.