JSW Energy to sell Salboni plant to JSW Cement

11 Mar 2021 CW Team

JSW Energy Ltd has entered a business transfer agreement with JSW Cement Ltd for the sale of the 18 megawatt (MW) thermal power plant at Salboni in West Bengal at a cost of Rs 95.67 crore.

Earlier, JSW Energy had approved the 18 MW Salboni thermal power plant's sale to JSW Cement Ltd on a going concern basis, subject to necessary approvals.

The company said that the transaction is a related-party transaction and is being carried out at arm's length based on a valuation by an independent registered valuer.

To access current cement prices click here

According to a regulatory filing by the company, JSW Cement intends to optimise the job work charges per unit, considering its Salboni unit's lower power demand. Hence, the plant is being sold to JSW Cement on a slump sale basis.

JSW's Salboni plant was inaugurated in January 2018. It is a grinding unit in West Bengal with the latest roller press technology. With an installed capacity of the plant being 2.4 million tonne per annum (mtpa), JSW Cement has entered Eastern India, and the capacity will be expanded to 6 mtpa in the near future. JSW Salboni manufactures Portland Slag cement, Concreel HD and composite cement. The cement is eco-friendly and a green product certified by the Confederation of Indian Industry (CII).

Image Source

Also read: JSW reports revenue growth of 22% in Q3 FY21

Also read: The cement arm of the JSW Group aims to ramp up capacity by 2023

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..