At the Metals 2015 event organised by the Bengal Chamber of Commerce and Industry (BCCI) on 24 September, the JSW group announced that it will be investing Rs.700 crore in setting up a 2.4 million t cement plant at Salboni in West Midnapore district. The cement-grinding unit will be set up on 134 acres and the employment in the plant will be 1000, including 150 direct employees.
A 10 million t steel plant was originally planned for the site, but construction never went ahead due to coal and iron linkages and problem with the land lease. According to Chaiman Sajjan Jindal, the construction of the cement plant going ahead is because the company wants to have some activity at Salboni while the steel project is delayed.
The foundation-stone laying ceremony is currently planned for the first week of January 2016 in the presence of the West Bengal Chief Minister, Mamata Banerjee, and it is hoped that construction will be completed within 12 months. A source for raw materials for the grinding unit has already been finalised.
After the cement plant, a 300-MW captive power plant will be built in the following three months at a cost of Rs.2000 crore, and will be used for the cement project, with the balance consumed by other group companies.
Edited from various sources by Rebecca BowdenSources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/25092015/jsw-group-announces-new-cement-plant-662/