Sajjan Jindal’s JSW Group will invest Rs 3400 crore in the state in next three years. The investment will go into expanding its upcoming cement plant at Salboni, a captive power plant and a steel processing unit. The group has also started work on its first decorative paints factory due to come up at Salboni. The cement plant planned with an initial capacity of 2.4 million tonne (mt) will now be expanded to 3.6 million tonne. This would involve an additional cost of Rs 700 crore. The cement plant is finally slated to have a capacity of 4.8 mt. Work on the cement unit, due to be operational in March 2018. The group is also setting up a captive power plant, which will take up an investment of Rs 200 crore. Another Rs 1000 crore is being spent by the JSW group in a downstream steel processing unit to produce cold rolled, galvanised and colour coated sheets. The group is also pumping in Rs 1500 crore in setting up a decorative paints factory in the state, marking its foray into the paints business.
Image source: blog.ventura1.com