Mumbai, Aug. 4 -- IPO-bound JSW Cements plans to utilize the fresh capital raised and leverage group synergies to double its cement production capacity to 42 million tonnes a year in the coming four years, the company's managing director said.

The company, which has a 3% share of India's highly competitive cement industry, wants to corner a tenth of the market for itself by backing its ability to procure slag, a byproduct of steelmaking, from JSW Steel.

However, rapid expansion while maintaining profitability won't be easy for managing director Parth Jindal and his team. The company will be fighting two industry titans-UltraTech and Ambuja-the cement arms of the Aditya Birla Group and the Adani Group. A war for market share between the ...