July 19, 2026 04:50 pm (IST)
Follow us:
JSW Group to set up Rs 700-crore cement factory in WB
Kolkata, Sept 24 (IBNS): Sajjan Jindal led JSW Group has decided to lay the foundation stone for their new Rs 700-crore cement manufacturing unit at Salboni in West Medinipur district of West Bengal in January 2016.
Sajjan Jindal at the 'Metals 2015' event organized by the Bengal Chamber of Commerce and Industry (BCCI) on Thursday announced it officially in presence of the WB Commerce and Industries, IT and Electronics, Finance and Excise and Industrial Reconstruction minister Amit Mitra and joint secretary of Indian government's Ministry of Steel Syedain Abbasi.
"I am going to meet West Bengal chief minister Mamata Banerjee today. We will lay the foundation stone for our 700-crore cement manufacturing unit at Salboni in West Medinipur in next January and hope the project will be finished by one year. The 2.4-million tonne cement-grinding unit will be set up on 150-acres and the employment in this unit will be 1000 including 150 direct employees," the Chairman and MD of JSW Steel, Sajjan Jindal told IBNS.
Sajjan Jindal said that after the completion of the proposed cement plant, a 300-Megawatt (MW) captive power plant would be built in the next three months where the estimated investment would be Rs 2000 crore.
When asked about the recent amendments to the Mines and Minerals (Development and Regulation) MMDR Act, Jindal told IBNS, "We have decided to bid in auctions for iron ore and coal assets in Odisha and Jharkhand."
However, if everything falls in place, WB chief minister Mamata Banerjee will lay the foundation stone of the project in the first week of January in 2016, just before the WB assembly election.
(Reporting by Deepayan Sinha)
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Reliance Industries posts record quarterly revenue of ₹3.4 lakh crore, Jio IPO on the horizon
Fri, Jul 17 2026
TCS, Google Cloud launch Gemini Experience Center in Kolkata
Fri, Jul 17 2026
Uber makes massive $14.8 billion bet to take over Delivery Hero
Fri, Jul 17 2026
CEAT shares crash over 9% after tyre maker's Q1 profit plunges 96%
Fri, Jul 17 2026