JSW Cement plans $360 mn factory in Rajasthan to meet rising demand

23 May 2024 CW Team

JSW Cement, a key player in India's construction material industry, announced the intention to invest approximately $360.2 million in establishing a new cement factory in Rajasthan, responding to the escalating demand for this vital construction component. This strategic move comes amidst a surge in government infrastructure spending and a robust real estate sector, prompting Indian cement manufacturers to expand production capacities. The proposed unit by JSW Cement aims to cater to the markets of Rajasthan, Haryana, Punjab, and the national capital region, marking the company's foray into the northern market, currently dominated by Shree Cement and UltraTech. The investment in Rajasthan leverages the state's abundant limestone reserves and promises to optimize freight costs, bolstering the firm's core profit margins, as noted by Ashutosh Murarka, a research analyst at Choice Broking. Despite being a relative newcomer, JSW Cement's expansion plans highlight its ambition and potential in the industry. The new facility, with a clinkerisation unit capable of producing up to 3.30 million tonnes per annum (MTPA) and a grinding unit with a capacity of up to 2.50 MTPA, is expected to generate around 1,000 direct and indirect jobs. The investment will be financed through a combination of equity and long-term debt, reflecting JSW Cement's commitment to sustainable growth and employment generation. (Source: Economic Times)

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..