Tag: JSW Group

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.”

Education, News

IIM Sambalpur conducts 4th & 5th annual convocation in the virtual mode

Jun 29, 2021 by Rekha Nair 0 Comments #Board, #Chairman, #Chairman and Managing Director, #Chief guest Shri Sajjan Jindal, #Director, #IIM Sambalpur, #JSW Group, #Prof Mahadeo Jaiswal, #Smt. Arundhati Bhattacharya

Sambalpur: IIM Sambalpur, the hand-crafted IIM and one of the most promising and dynamic management institutions among the new generation IIMs of the country, concluded yet another successful academic year with the 4th (2018-2020) & 5th (2019-2021) annual convocation in the virtual mode. The convocation was graced by Chief guest Shri Sajjan Jindal, Chairman and Managing Director of JSW Group, Shri CS Nagendra D Rao President, Institute of Company Secretaries of India (ICSI), Smt. Arundhati Bhattacharya, Chairman, Board, IIM Sambalpur and former Chairperson of the State Bank of India and Prof. Mahadeo Jaiswal, Director, IIM Sambalpur along with the faculty, staff and students, media journalists, guests from the Govt of India, Govt of Orissa and other distinguished guests. A total of 187 students were felicitated in the convocation with the 5th Batch having highest gender diversity across all IIMs with 46 female students in a batch strength of 95.

While congratulating the graduating students, Chief guest Shri Sajjan Jindal, Chairman and Managing Director, JSW Group said, “The reason why IIM Sambalpur has achieved such rapid stride as a learning centre is owing to the fact that the institute has been imbibing young talent with experimental learning and orientation. I would like to thank the institute’s teachers and faculty for this achievement. These young leaders are the torch bearers of hope, and the society is looking up to for resilience during a disruption. This generation has learnt several valuable lessons at a young age from this pandemic that is how to negotiate extreme uncertainty and how to make better choices under extreme unpredictable conditions. These are among key lessons that will surely help and guide these students in a post covid world. We must remember famous Japanese Proverb “Nana korobi, ya oki” which means fall down seven times, stand up eight and never quit our endeavours no matter how many times we fail.”

Smt. Arundhati Bhattacharya, Chairman, Board, IIM Sambalpur elaborated, “I am very pleased to see 187 graduating students from the two batches and I convey my heartiest congratulations to each one of them. I am positive that the precious time they have spent at IIM Sambalpur will go a long way in creating a solid foundation for a brilliant career in whichever field they choose to explore on. They will be going out of the portals of an institution where they have played a significant part in shaping its direction and characteristics. Even though this IIM is merely 6 years old, it is developing as a revered centre of excellence. I would advise the students to embrace the guiding values of our institute of Innovation, Integrity and Inclusiveness when they embark upon their new future.”

Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, stated, “The performance of IIM Sambalpur in academic year 2019 and 2020 has been remarkable and momentous despite the disruptions caused due to Global Pandemic in this period. We are extremely proud of our graduates and are confident that we have been able to mould these young minds in a way that today we are sending out responsible leaders with an entrepreneurial mindset into the world. We are optimistic that we have instilled IIM Sambalpur’s nine mantras of 3Is of Innovation, Integrity and Inclusiveness, 3Ds of Digitization, Democratization and Decarbonization of business and 3Ms of Mode, Model and Method in imparting education, and the students will use these ideals to accomplish great heights for themselves and our country in turn. These nav Mantra can neutralize the nav graha around our society. The knowledge and skill that they have gathered during their time at the institute will take them a long way in contributing towards the growth of their own, to make a mark in the organization they belong to and become a proud citizen of our country. A very difficult placement scenario was expected for all institutions during 2020 due to the global pandemic and the resultant domestic economic scenario. However at IIM Sambalpur, the Final Placement process for the MBA batch of 2018-20 witnessed close to 100 companies visiting the campus.”

While reading the Director’s report of last year, Prof Mahadeo Jaiswal reiterated the highlights of the academic year that included several milestones for IIM Sambalpur like Highest gender diversity among IIMs, Introduction of the concept of Flipped classrooms, first ever TEDXIIM Sambalpur, Laying of the foundation stone of the permanent campus of IIM Sambalpur by Hon’ble PM Shri Narendra Modi, Signing of several MoUs with International universities and B schools and with the Office of the Collector cum District Magistrate to address the COVID calamity in Sambalpur which received praise from Hon’ble Education Minister Shri Ramesh Pokhriyal, Introduction of Executive MBA degree program and many more.

IIM Sambalpur with its core values of Innovation, Integrity and Inclusiveness is focused on nation-building and is committed in their goal of contributing towards the development of the country. The institute thrives to impart these values in their students to raise responsible leaders with an entrepreneurial mindset who will work towards the betterment of their country. The 5th graduating batch of IIM Sambalpur have achieved 100% placement despite the pandemic with multi fold increase in recruiters across sectors.

IIM Sambalpur conducts 4th & 5th annual convocation in the virtual mode

Business World

JSW Group unveils Corona Quilt Art Installation at Jindal Mansion

Mar 9, 2021 by Neel Achary 0 Comments #Jindal Mansion in Mumbai, #JSW Group, #The Corona Quilt Project

JSW Group, today, unveiled The Corona Quilt Project by hosting the first Corona Quilt art installation on the façade of Jindal Mansion in Mumbai. Titled as The Rising Sun, this corona quilt combined creative expressions of 1,300 Indians about their own experience of the coronavirus pandemic. This unique art installation made of repurposed material ranging from repurposed fabric and gunny bags to table-cloths include submissions by India’s leading Bollywood personalities Neetu Kapoor, Namrata Shirodkar, Shweta Nanda Bachchan as well as well-known Indian Artists & Fashion designers including Monisha Jaisingh, Surily Goel, Anushka Khanna, Rekha Rodwittiya, Members of the Jindal Family Tarini, Nyrika, Tanvi, Siddhi Sanghvi and Asad Laljee, the curator of Royal Opera House, Mumbai among others. Each of these 1,300 creative submissions hosted on the art installation on Jindal Mansion represent an individual’s personal journey through the coronavirus pandemic. Ms Tarini Jindal Handa at JSW Group has conceived the corona quilt project currently hosted at Jindal Mansion in collaboration with the Corona Quilt Project’s curators Dia Mehhta Bhupal & Neha Modi.

According to Mrs. Sangita Jindal, Chairperson of the JSW Foundation, “Art is life-affirming. It enhances us, expands our consciousness. The Corona Quilt Project is a reminder that while the darkest hour precedes the dawn, the sun rises to give us the opportunity to hope, to dream and to imagine a better tomorrow. The Corona Quilt to be hosted on the façade of the Jindal Mansion at Peddar Road is titled A Rising Sun – it promises to be a mosaic of more than 1,300 experiences. I am truly amazed and fascinated by the attention to detail that Dia, Neha and her team have shown while creating these quilts. It’s a unique experience and JSW takes pride in being an integral part of this artistic community project. The keyword for me, as I look at the quilts, is collaboration. It echoes the presiding sentiment of our city and envisages a great future for our country.”

According to Ms Tarini Jindal Handa of JSW Group, “The pandemic has forced the world to stay apart, and with this separation, we need each other now more than ever. Globally, people have found new ways of coming together. We wanted to represent the world, the voices of billions of people. The Corona Quilt Project is our symbol of resilience and hope. The capture of a million human emotions. The representation of the whole world as one. A reflection of the fact that together, we can do anything.”

During the Month of March, The Corona Quilt Project will be unveiled across 9 locations in Mumbai starting with Jindal Mansion. These include the BMC School in Worli, the Haji Ali Pumping Station among others. Additionally, these Corona Quilts will be showcased as moving art installations on public vehicles along different routes in Mumbai. Together, all these Corona Quilts will cover more than 8,000 square feet space in the city.

THE CORONA QUILT PROJECT is founded by Dia Mehhta Bhupal and Neha Modi and inspired by India’s quilting traditions that frame tales of family love and care. It is believed that quilts made by women with unflinching intensity and affection in their hearts protect the user’s sleep and nurtures his dreams. This project first began during the National Lockdown with the aim of giving people across India a chance to express and share their pandemic experiences. A cloth square was the template; each person had to create a design to imbue this square with the intensity of her or his own experiences. Today, nearly a year later, the Corona Quilt Project has taken a tangible form with individual squares woven together in an inspired presentation by well-known artist Dia Mehhta Bhupal. Drawing from more than 12,000 digital and actual submissions that were sent to them, Dia and Neha worked to create a montage of these interpretations over nine long months.

About JSW GROUP: The US$ 12 billion JSW Group played a key role in India’s growth story. Ranked among India’s top business houses, JSW’s innovative and sustainable forays into the core sectors of Steel, Energy, Cement & Infrastructure are helping build a new nation. The Group continues to strive for excellence with its strengths, differentiated product mix, state-of-the-art technology, excellence in execution and focus on sustainability. With a diverse workforce of over 40,000 people, JSW continues to strive for excellence with its strengths, which comprises its differentiated product mix, state-of-the-art technology, excellence in execution and focus on sustainability.