Shiva Cement invests over Rs 1,500 cr to set up clinker unit in Odisha
Shiva Cement invests over Rs 1,500 cr to set up clinker unit in Odisha
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JSW Cement subsidiary conglomerate Shiva Cement on Wednesday said it will invest over Rs 1,500 crore to set up a clinker unit at Sundergarh in Odisha. The plant will reportedly have an annual capacity of 1.36 mln tonne, the company said in a regulatory filing. This project also consists of establish8ing of a 1 MTPA grinding unit; 8 MW waste heat recovery power plant; 4 MTPA crushing plants among other prospects.

Commenting on the new clinker project, JSW Cement Managing Director Parth Jindal said,"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 category in India." "We expect to commission the clinker unit by the end of next fiscal," he added. The investment on the new clinker unit further reaffirms the group's commitment to investments in the state, Jindal said adding that through this investment the company hopes to contribute to the overall economic development of Odisha as well as create new direct and indirect job opportunities.

The clinker project contracts have been awarded to Thyssenkrupp Industries India and Larsen & Toubro, it added. For JSW Cement, the new clinker unit 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, the company added..

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