21-May-2024 04:42 PM
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New Delhi, May 21 (Reporter) JSW Cement on Tuesday said that it will invest around Rs 3,000 crore to establish an integrated cement manufacturing facility in Nagaur district of Rajasthan.
The company's investment in the new cement facility includes a clinkerization unit of up to 3.30 MTPA (million tonne per annum) and a grinding unit of up to 2.50 MTPA, along with an 18 MW waste heat recovery based power plant.
"The proposed investment will be funded through a mix of equity and long-term debt," JSW Cement said.
A part of the JSW Group, the company 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 attractive North India cement market.
"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,” said Parth Jindal, Managing Director of JSW Cement...////...