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.
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