JSW Cement to Invest Rs 3,000 Crore in New Rajasthan Facility

By siliconindia  |  Tuesday, 21 May 2024, 02:18:17 PM IST

JSW Cement to Invest Rs 3,000 Crore in New Rajasthan Facility
JSW Cement has announced plans to invest approximately Rs 3,000 crore in establishing a greenfield cement manufacturing facility in Nagaur district, Rajasthan. The integrated facility will be financed through a combination of debt and equity, according to the company.
The new investment includes the construction of a clinkerization unit with a capacity of up to 3.30 million tonnes per annum (MTPA) and a grinding unit capable of producing up to 2.50 MTPA. Additionally, the facility will feature an 18 MW waste heat recovery-based power generation system, enhancing its sustainability profile.
"The proposed investment will be funded through a mix of equity and long-term debt", stated JSW Cement. This significant investment is expected to create more than 1,000 direct and indirect job opportunities in the region.
The new plant will also incorporate a 7-km overland belt conveyor for transporting limestone from the mines to the manufacturing plant and arrangements for using alternative fuel in the kiln, reflecting the company's commitment to efficient and environmentally friendly operations.
Parth Jindal, Managing Director of JSW Cement, highlighted the importance of this investment, noting, "The proposed investment to establish our integrated cement facility in Nagaur puts JSW Cement firmly on its path to achieving a pan-India footprint within the next few years. The new capacity in this region will enable us to service the prolific needs of our customers in the northern states of Rajasthan, Haryana, Punjab, and the NCR region".
Currently, JSW Cement has a manufacturing capacity of 19 MTPA, with ambitious plans to increase this to 60 MTPA. The company operates manufacturing units at Vijayanagar in Karnataka, Nandyal in Andhra Pradesh, Salboni in West Bengal, Jajpur in Odisha, and Dolvi in Maharashtra. Additionally, through its subsidiary Shiva Cement, JSW Cement operates a clinker unit in Odisha.
As part of the diversified JSW Group, which has a presence in sectors such as steel, energy, maritime infrastructure, defence, B2B e-commerce, realty, paints, sports, and venture capital, JSW Cement continues to expand its footprint in the Indian market with strategic investments and sustainable growth initiatives. This new facility in Rajasthan is a significant step toward achieving its long-term growth objectives and catering to the rising demand in northern India.

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