Bhubaneswar, Nov 25 (Representative) Shiva Cement Limited, the Odisha-based cement company and a subsidiary of JSW Cement Ltd will invest over Rs.1,500 crore in a 1.36 million tonne clinker unit project to be established in Sundergarh district . It will fund this investment through a combination of long-term debt and equity. The company will set up a 1 MTPA grinding unit, 8 MW Waste heat recovery power plant, 4 MTPA crushing plants at its Dolomite and Limestone mines.
It would also construct a 10 Km long Overland Belt Conveyor to transport limestone from the Mines to the manufacturing plant and own railway siding with 12 Km long railway track up to Sagra station to ensure seamless transportation of finished goods to the market. The design of the plant incorporates best technologies and will be most-modern and energy-efficient with waste heat recovery and co-processing unit using alternative fuels. Company sources said the project was approved during Board Meeting held last month. Shiva Cement has already received some of the Regulatory and statutory approvals and is on track to obtain other necessary clearances. Sources said, once commissioned, this clinker unit will service JSW Cement’s manufacturing facilities across East Regionand is expected to create around 500 direct and indirect job opportunities.
Consequently, Shiva Cement is expected to become a strategic hub for JSW Cement’s operations in East region of India. Managing Director of JSW Cement Ltd Parth Jindal said the plan to set up a new clinker unit further reaffirms our Group’s commitment to investments in the State. 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 Cement category in India. The clinker unit is all likely to be commissioned by the end of next fiscal, Mr.Jindal said Shiva Cement’s clinker project contracts have been awarded to Thyssenkrupp Industries India and Larsen & Toubro. The new clinker unit being established by Shiva Cement 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. JSW Cement remains focused on its goal to become a leading green cement player in India in terms of EBITDA per tonne. JSW entered the cement market in 2009 with a vision to ensure a sustainable future for the country by producing eco-friendly cement, using industrial by-products such as Blast Furnace slag.