JSW Group plans to invest Rs 10,000 crore in Salboni

Considering West Bengal “is in a path of development”, JSW Group has planned to invest around Rs 10,000 crore to set up a power plant and a paint factory apart from its cement factory project in Salboni.

The construction work of the cement factory on 134-acre land at a cost of Rs 800 crore started on Wednesday. Chief Minister Mamata Banerjee inaugurated the commencement of the construction work in Salboni. Sajjan Jindal, chairman of JSW Group, said at present they manufacture steel and cement. Thus they would add paint, which is also required for making home. 

In the next 5 to 6 years, the group will invest around Rs 8,000 crore to set up a power plant in Salboni. Another Rs 1,000 crore will be invested for the paint factory. While the construction work of the centre factory for which Rs 800 crore will be invested had been started on Wednesday.

“Moreover, if we go for greenfield steel plant then it will be in Salboni only,” he said. Parth Jindal, son of JSW Group’s chairman, who will be heading the cement sector for the group, said the production capacity of the cement factory at Salboni will be increased to 4.8 million tonne from 2.4 million tonne in the next 24 to 36 months. 

He said eight grinding units will be set up.  The places for six grinding units have already been identified and two of them will be at Salboni itself, two in the JSW steel plant at Vijaynagar and one each in Tamil Nadu and Odisha. 

After initial investment of Rs 800 crore to set up the cement factory at Salboni, another Rs 700 crore will be invested to set up the two grinding machines. The group had acquired around 4,000 acre land in Salboni. 

The group helps in supplying safe drinking water and certain other facilities to 23 adjacent villages. 

JSW Cement that produces portable slag cement will initiate its journey in the eastern part of the country by setting up the factory in Salboni. The Salboni unit will also produce portable slag cement. Around 1,000 people will get work for construction of the factory. Later, there will be 250 permanent employee and 600 contractual labourers. 

Sajjan said, “My wife visited the place after around 5 to 6 years. She told me that she was surprised to see the changes took place. Many concrete houses came up and it looks as if people’s standard of living has also gone up. Thus it shows that the state is really in a path of development.”