JSW Cement to invest ₹3,000 crore to set up manufacturing facility in Nagaur, Rajasthan
The Hindu
JSW Cement to invest ₹3,000 crore in new Rajasthan plant, creating 1,000 jobs, expanding capacity to 60 MTPA.
JSW Cement on May 21 said it plans to invest around ₹3,000 crore to set up a cement manufacturing facility in Nagaur district of Rajasthan.
The greenfield, integrated facility will be funded by a mix of debt and equity, the company said.
The investment in the new facility includes a clinkerization unit of up to 3.30 MTPA (million tonnes per annum) and a grinding unit of up to 2.50 MTPA, said a statement from JSW Cement, a part of $24.25-billion JSW Group.
The new plant will also have an 18 MW waste heat recovery-based power generation system, it added.
“The proposed investment will be funded through a mix of equity and long-term debt,” it said.
This new plant is also expected to create more than 1,000 direct and indirect job opportunities, JSW Cement said.
The investment also includes around 7-km overland belt conveyor to transport limestone from mines to the manufacturing plant and arrangements to use alternative fuel in the kiln.
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