June 27, 2026 11:15 pm (IST)

Make this your homepage

All Finance

Fresh paper leak rocks India: Maharashtra TET postponed a day before exam, over 4 lakh aspirants affected | Pune fort murder case: Siya Goyal's brother says family would have called off marriage if she had objected | Donald Trump gets a road named after him in India, says 'Thank You!' | Fresh setback for Gautam Adani? US judge asks DoJ to justify dropping criminal charges | Ram Mandir Trust chief Champat Rai resigns as alleged donation siphoning row escalates | Ram Mandir fund row deepens: 8 arrested days after BJP called allegations 'false narrative' | 'Who tied the hands of CBI?': Calcutta HC on RG Kar case; victim's mother, now BJP MLA, says she is 'deeply disturbed' | Construction comes to a standstill at nearly 700 Kolkata projects after Taratala warehouse tragedy kills 15 | World Cup shocker! Ecuador stun Germany 2-1, storm into Round of 32 | Iran-US conflict: Cargo vessel hit near Strait of Hormuz, UN agency pauses evacuation operations

JSW Group to set up Rs 700-crore cement factory in WB

India Blooms News Service | | Sep 25, 2015, at 06:33 am

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)

#Sajjan Jindal # JSW Steel

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.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am

In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm