Punjab mega cement plant investments await approval

09 Nov 2023 CW Team

JSW Group and Vedanta have made significant investments in establishing cement plants in Punjab, awaiting approval from the state government, according to informed sources. Talwandi Sabo Power Plant (TSPL), a Vedanta Group company, plans to invest around Rs 100 billion to set up cement manufacturing plants in Punjab. TSPL intends to establish multiple cement plants near its existing power plant in Mansa district, with one of these plants being set up by JSW Group. The cement production will utilise fly ash from TSPL's power plant.

Despite the potential to create over 2,000 jobs in Punjab, the project is pending approvals from various state government departments. Sources indicate that TSPL's proposal has been awaiting approval from the Punjab Government's office of the Chief Town Planner and Director of Factories for the past 18 months, despite assurances made at the Invest Punjab Summit in February 2023. Recently, TSPL, a leading power producer in Punjab, approached the High Court of Punjab and Haryana to expedite the process.

TSPL currently operates a 1,980 MW thermal power plant in Mansa district and plans to use the fly ash generated by the plant for environmentally friendly cement production. The project has been stalled due to the lack of approval for the change in land use required for a Cement Grinding Unit.

"This ambitious project represents one of the largest investments Punjab has ever seen, offering substantial benefits to the community. Not only does the cement grinding unit provide an eco-friendly solution for the power plant's ash, but it also promises a significant capital infusion into the region. In a state where job opportunities are often scarce, the project's potential to employ 2,000 individuals is invaluable," a source emphasised.

Persistent delays might force investors to explore opportunities in more favourable states, sources warned.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..