JSW Cement Will Double The Capacity Of Its Salboni Unit In West Bengal

JSW Cement, part of JSW Group, plans to double the capacity of its Salboni unit in West Bengal from 2.4 million tonne per annum (mtpa) at present to 4.8 mtpa. Jindal was speaking at the Bengal Global Business Summit (BGBS). Jindal, however, did not mention the investment required for the capacity addition. A JSW official said the project is being given final touches and the investment would be firmed up soon.

Inaugurated in January 2018, the manufacturing unit at Salboni has already become an integral part of JSW Cement’s growth story in the east. JSW Cement now has a distribution network comprising over 3,700 dealers and retailers in West Bengal. At the BGBS, Jindal also announced plans to set up a 1,000 mw pumped storage energy project where investment is likely to be around $1 billion.

Jindal was among a clutch of top industrialists and businessmen like Mukesh Ambani chairman Reliance Industries, real estate magnate Niranjan Hiranandani of Hiranandani group, Y K Modi executive chairman of Great Eastern Energy Corporation, Sanjiv Goenka CEO, RP-Sanjiv Goenka group and Harsh Neotia chairman of Ambuja Neotia group who were attending the fifth edition of BGBS.