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JSW Group to set up Rs 700-crore cement factory in WB

India Blooms News Service | | Sep 25, 2015, at 06:33 am

#Sajjan Jindal # JSW Steel

Kolkata, Sept 24 (IBNS): Sajjan Jindal led JSW Group has decided to lay the foundation stone for their new Rs 700-crore cement manufacturing unit at Salboni in West Medinipur district of West Bengal in January 2016.

Sajjan Jindal at the 'Metals 2015' event organized by the Bengal Chamber of Commerce and Industry (BCCI) on Thursday announced it officially in presence of the WB Commerce and Industries, IT and Electronics, Finance and Excise and Industrial Reconstruction minister Amit Mitra and joint secretary of Indian government's Ministry of Steel Syedain Abbasi.

"I am going to meet West Bengal chief minister Mamata Banerjee today. We will lay the foundation stone for our 700-crore cement manufacturing unit at Salboni in West Medinipur in next January and hope the project will be finished by one year. The 2.4-million tonne cement-grinding unit will be set up on 150-acres and the employment in this unit will be 1000 including 150 direct employees," the Chairman and MD of JSW Steel, Sajjan Jindal told IBNS.

Sajjan Jindal said that after the completion of the proposed cement plant, a 300-Megawatt (MW) captive power plant would be built in the next three months where the estimated investment would be Rs 2000 crore.

When asked about the recent amendments to the Mines and Minerals (Development and Regulation) MMDR Act, Jindal told IBNS, "We have decided to bid in auctions for iron ore and coal assets in Odisha and Jharkhand."

However, if everything falls in place, WB chief minister Mamata Banerjee will lay the foundation stone of the project in the first week of January in 2016, just before the WB assembly election.

(Reporting by Deepayan Sinha)

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