The JSW group announced that it will be investing Rs.700 crore in setting up a 2.4 million tons cement plant at Salboni in West Midnapore district. The announcement came at the Metals 2015 event organized by the Bengal Chamber of Commerce and Industry (BCCI) on 24 September. The cement-grinding unit will be set up on 134 acres. The plant will give employment opportunity to 1000 people, including 150 direct employees. A 10 million t steel plant was originally planned for the site, but construction never went ahead due to coal and iron linkages and problem with the land lease. The foundation-stone laying ceremony is currently planned for the first week of January 2016 in the presence of the West Bengal Chief Minister, Mamata Banerjee, and it is hoped that construction will be completed within 12 months. A source for raw materials for the grinding unit has already been finalized. After the cement plant, a 300-MW captive power plant will be built in the following three months at a cost of Rs.2000 crore, and will be used for the cement project, with the balance consumed by other group companies.