Tag: Mr. Parth Jindal

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 World

Delhi Capitals to don specially designed JSW Paints colourful jersey

Oct 5, 2020 by Gouri Achary 0 Comments #Delhi Capitals (DC), #JSW Paints, #Mr Dhiraj Malhotra, #Mr. Ayushmann Khurrana, #Mr. Parth Jindal, #Ms. Alia Bhatt

MUMBAI, OCTOBER 5, 2020: JSW Paints, part of the US$ 12 billion JSW Group, is partnering with Delhi Capitals (DC) for their upcoming match against Royal Challengers Bangalore (RCB) in the 13th edition of the Indian Premier League (IPL). To showcase this association, the Delhi Capitals players will don a specially designed JSW Paints branded jersey on October 5th, the day of the DC vs RCB match. The IPL is one of India’s biggest sporting extravaganzas, with massive TV viewership and digital following. This unique association will address JSW Paints’ visibility goals as it scales up its business in India.

Mr. Parth Jindal, Managing Director of JSW Paints said, “The JSW Group sees this as a tremendous opportunity to showcase our brand JSW Paints, that celebrates the diverse colours of our country and encourages India to #EmbraceEveryColour. The association is aligned with the overall brand narrative which is all about unity and inclusivity. This will be supported with our current campaign ‘Har Rang Har Kisi Ka’ featuring Alia Bhatt and Ayushmann Khurrana.”

Mr Dhiraj Malhotra, CEO of Delhi Capitals said, “The JSW Group has played a crucial role in the development of Indian sports over the last few years. Our team will proudly don the JSW Paints jersey for the game against RCB not only in support of the Group’s tremendous contribution towards Indian sports, but also to endorse the message of unity.”

JSW Paints has always aimed at creating beautiful and thoughtful experiences for its customers. JSW Paints’ ‘Any Colour One Price’ proposition that offers 1808 colours at the same price is an industry-first offering that has disrupted the entire paints market. Recently, the company also signed Bollywood actors Ms. Alia Bhatt and Mr. Ayushmann Khurrana as its brand ambassadors for their campaign, ‘Har Rang Har Kisi Ka’ to celebrate the diverse colours of India and encourage Indians to #EmbraceEveryColour. The TVC will also be aired during the DC vs RCB match on October 5th, 2020.