JSW Cement, a subsidiary of the $24.25 billion JSW Group, has unveiled plans to invest approximately ₹3,000 crore in establishing a new, greenfield integrated cement manufacturing facility in the Nagaur district of Rajasthan, the company stated in a release today. This investment will be financed through a mix of equity and long-term debt.
The company stated that JSW Cement's investment in the new facility will include a clinkerisation unit with a capacity of up to 3.30 MTPA (million tonnes per annum), a grinding unit capable of up to 2.50 MTPA, and an 18-megawatt MW power plant based on waste heat recovery. The investment is anticipated to generate over 1,000 direct and indirect jobs.
“The investment also includes an approx. 7 km long Overland Belt Conveyor to transport limestone from the mines to the manufacturing plant and arrangements to use alternative fuel in the kiln. The proposed investment will be funded through a mix of equity and long-term debt,” the company reveals.
“JSW Cement has already received some of the regulatory and statutory approvals and is on track to obtain other necessary clearances. Once commissioned, this unit will mark JSW Cement’s entry into the North India cement market,” it adds.
"I look forward to working with the Rajasthan State Government to contribute to the economic development of the State while continuing to create substantial employment opportunities in the region. 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," Parth Jindal, managing director of JSW Cement, states.
Announcing the plant earlier this month on the X platform, Jindal highlighted that this would be JSW Cement's first facility in northern India.
Nilesh Narwekar, CEO of JSW Cement, says, “These States have one of the highest GDP growth rates and are witnessing significant infrastructure and housing development. We are very excited to be able to enter into this booming construction market and will aim to provide our customers with quality cement and customer service.”
Earlier in February, the JSW Group, led by Sajjan Jindal, announced plans to establish mega projects in Odisha, including a 10 MTPA cement plant, a 900 MW power plant, a 52 MTPA greenfield jetty port, and a 13.2 MTPA steel plant. This venture was slated to involve a cumulative investment of ₹65,000 crore.
Currently, JSW Cement has plants in Karnataka's Vijayanagar, Andhra Pradesh's Nandyal, West Bengal's Salboni, Odisha's Jajpur, and Maharashtra's Dolvi.
