JSW Cement, a subsidiary of the Sajjan Jindal-led JSW Group, announced on Tuesday its plans to invest approximately ₹3,000 crore to establish a new cement manufacturing facility in Nagaur district, Rajasthan. This investment will encompass a clinkerisation unit with a capacity of up to 3.30 million tonnes per annum (MTPA) and a grinding unit with a capacity of up to 2.50 MTPA. Additionally, the project will include an 18-megawatt (MW) waste heat recovery-based power plant, aligning with modern and sustainable manufacturing processes.
The proposed greenfield and integrated facility will be funded through a mix of equity and long-term debt. According to JSW Cement, the company has already secured several regulatory and statutory approvals and is in the process of obtaining other necessary clearances.
This new unit marks JSW Cement’s entry into the North India cement market, a strategic move expected to generate over 1,000 direct and indirect employment opportunities. Parth Jindal, Managing Director of JSW Cement, emphasized the significance of this investment. “This is one of the most significant investments we are making in Rajasthan through our cement business. It puts JSW Cement firmly on its path to achieving a pan-India footprint within the next few years. This will enable us to service the prolific needs of our customers in the northern states of Rajasthan, Haryana, Punjab, and the NCR (National Capital Region),” he said in a statement.
![Nilesh Narwekar](https://themachinemaker.com/wp-content/uploads/2024/05/Nilesh-Narwekar.jpg)
Nilesh Narwekar, CEO of JSW Cement, highlighted the growth potential of the North India market, stating, “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 this booming construction market.”
In a broader strategic context, JSW Cement announced in August its ambitious plan to expand its capacity from 19 MTPA to 60 MTPA over the next five years. This expansion will be partially funded through an initial public offering (IPO) planned for 2024.
This investment is a key part of JSW Cement’s broader strategy to expand its market presence and production capacity across India, responding to the growing demand for cement in various regions driven by infrastructure development and urbanization.