JSW Cement plans to invest more than Rs 32 billion on an integrated greenfield cement manufacturing facility in Madhya Pradesh and a split grinding mill in Uttar Pradesh, just one day after acquiring India Cements. These facilities' combined cement capacity will be 5 mtpa.
An integrated cement plant with 2.5 mtpa clinker capacity, 2.5 mtpa grinding capacity, a 15 MW Waste Heat Recovery System, a modern residential colony in Madhya Pradesh, and a 2.5 mtpa grinding facility in Uttar Pradesh are all part of the proposed investment.
JSW Cement paid Rs 4.77 billion for a 100% share in Springway Mining from India Cements.
JSW Cement now has access to about 106 million tonnes of limestone reserves, as well as a mining lease lasting until 2065. The limestone mine covers over 500 hectares in Madhya Pradesh's Panna District.
The company has obtained the majority of the regulatory permissions required for mining operations and is currently pursuing the necessary approvals for the establishment of integrated cement production facilities.
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