Thursday, Mar 28 2024 | Time 19:40 Hrs(IST)
image
Business Economy


Shiva cement to set up Rs.1500 crore Clinker unit project in Odisha

Shiva cement to set  up Rs.1500 crore Clinker unit project  in Odisha

Bhubaneswar, Nov 25 (UNI) Shiva Cement Limited, the Odisha-based cement company and

a subsidiary of JSW Cement Ltd will invest over Rs.1,500 crore in a 1.36 million tonne clinker

unit project to be established in Sundergarh district .

It will fund this investment through a combination of long-term debt and equity.

The company will set up a 1 MTPA grinding unit, 8 MW Waste heat recovery power plant,

4 MTPA crushing plants at its Dolomite and Limestone mines.

It would also construct a 10 Km long Overland Belt Conveyor to transport limestone from

the Mines to the manufacturing plant and own railway siding with 12 Km long railway track up

to Sagra station to ensure seamless transportation of finished goods to the market.

The design of the plant incorporates best technologies and will be most-modern and

energy-efficient with waste heat recovery and co-processing unit using alternative fuels.

Company sources said the project was approved during Board Meeting held last month.

Shiva Cement has already received some of the Regulatory and statutory approvals and

is on track to obtain other necessary clearances.

Sources said, once commissioned, this clinker unit will service JSW Cement’s manufacturing

facilities across East Regionand 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.

Managing Director of JSW Cement Ltd Parth Jindal said the plan to set up a new clinker unit

further reaffirms our Group’s commitment to investments in the State.

The new clinker unit at Shiva Cement in Odisha will provide a strategic advantage to service

the needs of our customers in the region and further strengthen JSW Cement’s leadership

position in the Green Cement category in India.

The clinker unit is all likely to be commissioned by the end of next fiscal, Mr.Jindal said

Shiva Cement’s clinker project contracts have been awarded to Thyssenkrupp Industries

India and Larsen & Toubro.

The new clinker unit being established by Shiva Cement is part of its strategic roadmap to

achieve 25 MTPA capacity by 2025, with a special focus on scaling up its presence in the

Eastern region of India.

JSW Cement remains focused on its goal to become a leading green cement player in

India in terms of EBITDA per tonne.

JSW entered the cement market in 2009 with a vision to ensure a sustainable future for the

country by producing eco-friendly cement, using industrial by-products such as Blast Furnace

slag.

UNI DP BM

More News

28 Mar 2024 | 5:28 PM

UNI NK AKS.

see more..
Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

28 Mar 2024 | 5:16 PM

Rudrapur, Mar 28 (UNI) From power Back-up solutions to Batteries and Solar applications, Luminous Power Technologies on Thursday announced the launch of its state-of-the-art solar panel manufacturing facility here.

see more..

Kottayam-Kochi Rubber Market rates

28 Mar 2024 | 5:04 PM

Kottayam, Mar 28 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Thursday per quintal.

see more..
Indian Oil dispatches its first packed LPG truck load from Sitarganj bottling unit

Indian Oil dispatches its first packed LPG truck load from Sitarganj bottling unit

28 Mar 2024 | 2:37 PM

New Delhi, Mar 28 (UNI) State-owned Indian Oil on Thursday rolled out the first truckload of packed LPG from the Indane bottling plant at Sitarganj in Uttarakhand.

see more..

GOCL signs MoU with Squarespace Builders

28 Mar 2024 | 12:00 AM

Hyderabad, Mar 27 (UNI) GOCL Corporation Limited (GOCL), a Hinduja Group company, on Wednesday said it has entered into a significant memorandum of understanding (MoU) with Squarespace Builders Private Limited, situated in Hyderabad, to initiate the strategic monetisation of around 264.50 acres of prime land located in Kukatpally.

see more..
image