New Delhi: JSW Cement arm ‘Shiva Cement’ said Wednesday it will invest over Rs 1,500 crore to set up a clinker unit at Sundergarh district. The Shiva Cement plant will have an annual capacity of 1.36 million tonne, the company said in a regulatory filing.
This project also includes setting up of a one MTPA grinding unit; eight MW waste heat recovery power plant; 4 MTPA crushing plants at its dolomite and limestone mines. Along with these a 10 km-long overland belt conveyor will also be constricted. This will help in transporting limestone from the mines to the manufacturing plant. Shiva Cement will also constrict its own railway siding with 12-km long railway track. This will help in seamless transportation of finished goods to the market.
JSW Cement MD Parth Jindal confirmed the development of the new clinker project. “The new clinker unit at Shiva Cement in Odisha will provide a strategic advantage to service the needs of our customers in the region. It will further strengthen JSW Cement’s leadership position in the Green category in India,” said Jindal. “We expect to commission the clinker unit by the end of next fiscal,” he added.
The investment on the new clinker unit further reaffirms the group’s commitment to investments in Odisha, Jindal stated. He added that through this investment the company hopes to contribute to the overall economic development of Odisha. It also hopes to create new direct and indirect job opportunities.
Shiva Cement said it has already received some of the regulatory and statutory approvals. It is on track to obtain other necessary clearances for the project.
“Once commissioned, this clinker unit will service JSW Cement’s manufacturing facilities across the East Region. It is expected to create around 500 direct and indirect job opportunities. Consequently, Shiva Cement is expected to become a strategic hub for JSW Cement’s operations in East region of India,” the filing said. The clinker project contracts have been awarded to ‘Thyssenkrupp Industries India’ and ‘Larsen & Toubro’, it added.
For JSW Cement, the new clinker unit is part of its strategic roadmap to achieve 25 MTPA capacity by 2025.