JSW Cement will invest Rs 3,000 cr in a new manufacturing unit in Rajasthan

JSW Cement will invest around Rs 3,000 crore in setting up a new cement plant in Nagaur district of Rajasthan, the Sajjan Jindal company said on Tuesday.

The investment includes a clinkerization unit of up to 3.30 million tonnes per annum and a milling unit of up to 2.50 MTPA, along with an 18 MW waste heat recovery-based power plant, the company said, citing production processes.

The proposed investment for the greenfield and integrated facility will be financed through equity and long-term debt.

JSW Cement has received a number of regulatory and regulatory approvals and will continue to obtain further approvals. The unit marks the company’s entry into the North Indian cement market and is expected to create over 1,000 direct and indirect jobs, the company said in a press statement.

“This is one of the most important investments we are making in Rajasthan through our cement business. It puts JSW Cement firmly on track to achieve a pan-India footprint in the coming years. This will enable us to cater to the abundant needs of our customers in the northern states of Rajasthan, Haryana, Punjab and the NCR (National Capital Region),” said Parth Jindal, Managing Director, JSW Cement:

Speaking about the North Indian market, Nilesh Narwekar, CEO, JSW Cement said, “These states have one of the highest GDP growth rates and are witnessing significant infrastructure and housing developments. We are very excited to enter this thriving construction market.”

First print: May 21, 2024 | 1:16 PM IST