Tag: JSW Cement

Business

JSW Cement to invest around Rs 3,000 crore to establish new integrated cement facility in Rajasthan

May 23, 2024 by Sujata Muguda 0 Comments #Cement facility in Rajasthan, #Construction market, #GDP, #JSW Cement, #JSW Group, #Mr Nilesh Narwekar, #Mr. Parth Jindal, #MTPA, #NCR

JSW Cement, part of US$ 24.25 billion JSW Group, plans to invest around Rs 3,000 crore to establish a greenfield, integrated cement manufacturing facility in Nagaur district of Rajasthan. The ground-breaking ceremony was held recently to commence the construction of the cement factory. JSW Cement’s investment in the new cement facility includes a clinkerization unit of up to 3.30 MTPA and a grinding unit of up to 2.50 MTPA, along with an 18 MW waste heat recovery based power plant. The investment also includes an approx. 7 km long Overland Belt Conveyor to transport limestone from the mines to the manufacturing plant and arrangements to use alternative fuel in the kiln. The proposed investment will be funded through a mix of equity and long-term debt.

JSW Cement has already received some of the regulatory and statutory approvals and is on track to obtain other necessary clearances. Once commissioned, this unit will mark JSW Cement’s entry into the attractive North India cement market. The current investment is expected to create more than 1,000 direct & indirect job opportunities.

According to Mr Parth Jindal, Managing Director of JSW Cement, “This is one of the most significant investments we are making in Rajasthan through our cement business. I look forward to working with the Rajasthan State Government to contribute to the economic development of the State while continuing to create substantial employment opportunities in the region. The proposed investment to establish our integrated cement facility in Nagaur puts JSW Cement firmly on its path to achieving a pan-India footprint within the next few years. The new capacity in this region will enable us to service the prolific needs of our customers in the Northern States of Rajasthan, Haryana, Punjab and the NCR region.”

Mr Nilesh Narwekar, CEO of JSW Cement said, “This investment will mark our entry into the fast-growing and attractive cement markets of North India. These States have one of the highest GDP growth rates and are witnessing significant infrastructure and housing development. We are very excited to be able to enter into this booming construction market and will aim to provide our customers with high quality cement and a world-class customer service.”

Business

GCCA India re-elects Chair and Co-chair for 2024- 2026

May 21, 2024 by Mansi Praharaj 0 Comments #Deepak Khetrapal, #Energy and Resources Institute (TERI), #Global Cement & Concrete Association (GCCA), #Global Cement and Concrete Association, #JSW Cement, #Orient Cement, #Parth Jindal, #Thomas Guillot

Mumbai 21st May 2024: The Global Cement & Concrete Association (GCCA) India has announced the re-election of Parth Jindal, who is Managing Director of JSW Cement, as its Chair, and Deepak Khetrapal, Managing Director of Orient Cement, as Co-Chair. Both have been unanimously re-elected for the next two years and will serve until 2026.

The decision to re-elect them both was made during a recent meeting of GCCA India member company CEOs. Their re-election marks an essential milestone in the journey towards sustainability and decarbonization in the country’s cement industry, as GCCA India, in collaboration with TERI, is in the process of developing the Net Zero CO2 Roadmap for the Indian cement industry and its value chain.

Speaking after the election, Parth Jindal applauded the progress being made by cement companies to decarbonize one of the hard-to-abate sectors and said:

“The eyes of the world are on India, as we are the second largest producer of cement in the world. GCCA India, along with TERI, has done a tremendous amount of work on the development of the Net Zero CO2 Roadmap for Indian Cement and its value chain.

“It is really important to have a sectoral roadmap to align with the Indian government’s net zero 2070 targets and to hopefully deliver on our commitments sooner. Those commitments include decarbonisation levers like expanding the use of alternative fuels and raw materials, waste heat recovery from process gases for power generation, and increasing use of renewable energy in our Industry”

Also speaking after his re-election, Mr Deepak Khetrapal said:

“I am thankful to GCCA-India and its member companies for placing their trust in me and re-nominating me to be the Co-Chair for GCCA-India. I look forward to working with industry colleagues to take forward and collectively deliver on the ambitious agenda that GCCA India has set out to achieve, with a particular focus on reducing emissions, achieving the SDGs and improving overall sustainability.”

Thomas Guillot, who is Chief Executive of the Global Cement and Concrete Association, which works closely with GCCA India, congratulated Parth Jindal and Deepak Khetrapal on their re-elections:

“India plays a significant role in our global industry’s decarbonization journey, in line with our 2050 Net Zero Concrete Roadmap. Delivering on the net zero aspirations of India’s cement industry needs supportive policies from its government, as well as the inclusion of the cement value chain.”

GCCA-India focuses on driving forward the critical sustainability work underway within the Indian cement sector, the second-largest cement-producing industry and the most energy-efficient in the world.

It has also signed a Memorandum of Understanding (MoU) with the Energy and Resources Institute (TERI) to facilitate and accelerate the sustainable development of cement and its value chain across India.