JSW Cement to invest ₹3,000 Crore in setting up new plant in Rajasthan

21 May 2024 , 01:43 PM

JSW Cement, part of the $24.25-billion JSW Group, is preparing to invest around ₹3,000 crore for setting up an integrated cement manufacturing facility in Rajasthan.

This investment marks JSW Cement’s entry into the northern Indian markets. The funding for this project will come from a mix of equity and long-term debt. The new facility is expected to generate over 1,000 direct and indirect jobs.

Located in Rajasthan’s Nagaur district, the facility will include a clinkerization unit with a capacity of up to 3.30 million tonnes per annum (mtpa).

The facility will also have a grinding unit with a capacity of up to 2.50 mtpa. Additionally, an 18-megawatt power plant will be part of the new facility. Currently, JSW Cement has a manufacturing capacity of 21 mtpa.

Parth Jindal, managing director of JSW Cement, mentioned that this investment will help the company achieve a pan-India presence in the coming years.

The new facility will feature an overland belt conveyor approximately 7 km long to transport limestone from the mines to the manufacturing plant.

Provisions will be made to use alternative fuels in the kiln at the new facility. JSW Cement has received certain regulatory and statutory approvals for this new facility. This new unit will enable JSW Cement to serve the markets in Rajasthan, Haryana, Punjab, and the National Capital Region (NCR).

Nilesh Narwekar, CEO of JSW Cement, emphasized that the investment targets the fast-growing cement markets of North India, which are experiencing significant infrastructure and housing development.

JSW Cement currently operates manufacturing units in Vijayanagar (Karnataka), Nandyal (Andhra Pradesh), Salboni (West Bengal), Jajpur (Odisha), and Dolvi (Maharashtra).

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