Displaying items by tag: JSW Cement
Shiva Cement to spend US$200m on new integrated plant in Odisha
27 November 2020India: Shiva Cement plans to invest around US$200m towards a new integrated cement plant in Sundergarh district, Odisha. The 1.36Mt clinker unit will also include a 1Mt/yr grinding unit, an 8MW waste heat recovery (WHR) unit, 4Mt/yr crushing plants at its dolomite and limestone quarries, a connecting 10km belt conveyor and a dedicated railway siding with a 12km track to the main network.
ThyssenKrupp Industries India will supply a 4000t/day clinker production line for the project. Larsen & Toubro has been awarded the contract for civil, mechanical and refractory erection work. The unit is expected to create around 500 jobs directly and indirectly. Commissioning is scheduled to take place by March 2022.
Parth Jindal, the managing director of JSW Cement said, "The new clinker unit at Shiva Cement in Odisha will provide a strategic advantage to service the needs of our customers in the region and further strengthen JSW Cement's leadership position in the Green Cement category in India.”
The subsidiary of JSW Cement intends to use the new plant as a strategic hub to access markets in the east of the country. It is part of the group’s aim to achieve a production capacity of 25Mt/yr by 2025.
India: The Odisha State Level Single Window Clearance Authority (SLSWCA) has approved two cement and slag grinding plant projects in Odisha. It has granted JSW Cement permission for an upgrade to its upcoming 1.2Mt/yr Kalinga Nagar, Odisha slag cement grinding plant that will increase the finished plant’s capacity to 2.4Mt/yr at an additional investment cost of US$359,000. JSW Cement restarted work on the facility, which will grind Ordinary Portland Cement (OPC) and granulated blast furnace slag (GGBS), in September 2018 after suspending the project due to leasing issues in 2016.
Sagar Cements subsidiary Jajpur Cements has also received clearance from the SLSWCA for the construction of a 1.5Mt/yr grinding plant on the site of the existing 0.5Mt/yr Jajpur Cements grinding plant in the Kalinga Nagar Industrial Complex in Jajpur District, Odisha. The project, valued by the company at US$44m, is scheduled for completion in March 2021. Sagar Cements acquired Jajpur Cements on 7 May 2019 for US$16m.
India: JSW Group has announced the combination of the distribution and supply chain of its cement and steel businesses under an integrated JSW One initiative to make it easier for customers to source its products. JSW One has commenced operations in eastern India and will be scaled-up across the country over the next couple of years.
“JSW One will derive synergies to benefit both the steel and cement businesses by streamlining and maximising the depth and expanse of JSW Group’s sales and supply chain network,” said the group in a statement. “It will also combine the group’s expertise across product portfolio to provide comprehensive service capability to its customers.”
JSW Cement’s initial public offering delayed to 2022
11 August 2020India: JSW Group has delayed the initial public offering for its subsidiary JSW Cement to 2022 from December 2020 due to lack of demand for cement. Mint News has reported that the company will increase its cement production capacity during the intervening period by 43% to 20Mt/yr from 14Mt/yr.
Managing director Parth Jindal said, “A second consecutive year of decline in cement demand has delayed our expansion plans.” He added, "We will restart capital expenditure projects worth US$160m in October 2020. We're adding 1.5Mt/yr of integrated capacity and 3.0Mt/yr of grinding capacity."
JSW Cement’s cement production fell by 30% year-on-year in the three months that ended on 30 June 2020.
JSW Group cuts Chinese imports
03 July 2020India: JSW Group says that it will cease US$400m/yr worth of imports of Chinese equipment and materials due to Chinese military activities on the Sino-Indian border in Kashmir. Managing director Parth Jindal said, “The unprovoked attack by the Chinese on Indian soil, on our brave jawaans has been a huge wakeup call and a clarion call for action.”
India: JSW Cement has undertaken work to improve a dried-up canal in order make it a source of water for the irrigation needs of farmers in Bilakalaguduru village, Andhra Pradesh. The Hindu newspaper has reported that the JSW Cement team has redirected overflow water from a limestone quarry. JSW Cement also built a new temple to the gods Balaji and Varahaswamy in Nandyal, Andhra Pradesh using local black limestone.
JSW Cement delays capacity expansion
15 June 2020India: JSW Cement has said that it will delay a planned US$382m expansion of its installed capacity of 14Mt/yr to 25Mt/yr in 2023 until at least January 2021. The Business Standard newspaper has reported that JSW Cement previously postponed work to raise its capacity to 20Mt/yr in 2020, and that the economic situation following the coronavirus lockdown is “not conducive to the construction agenda.” JSW Cement chief executive officer (CEO) Nilesh Narwekar said, “The plans are being deferred by 6 – 12 months but we are not sure that they will happen.” Financing for the work was due to be split 50:50 between internal accruals and bank loans.
India: Representatives from Aditya Birla subsidiary UltraTech, Ramco Cements, India Cements, JSW Cement and KCP have met with Andhra Pradesh Chief Minister Jaganmohan Reddy and other state officials to negotiate the sale of their products to construction companies working on public projects ‘at lower prices.’ The Hindu newspaper has reported that the state forecasts a year-on-year rise in its annual cement consumption of 67%, to 30Mt in 2020 from 18Mt in 2019. India Cements’ vice chair and managing director Narendra Srinavasan said that all planned infrastructure projects ‘ought to be implemented in order to bail out the industry from the turmoil it has been undergoing.’
JSW to expand Kurnool plant
17 February 2020India: JSW Cement is planning to expand the cement capacity of its plant in Bilakalagudur, Kurnool District, Andhra Pradesh from 4.8Mt/yr to 6.0Mt/yr, at a cost of approximately US$59m. The project will involve expansion of clinker capacity from 2.5Mt/yr to 3.4Mt/yr and the construction of an 18MW captive coal-fired power plant. The work on the project is expected to commence by September 2020.
UAE: India-based JSW Cement has applied to borrow between US$50m and US$55m from two UAE-based banks to continue development on its planned 1Mt/yr integrated Fujairah plant, the capacity of which it plans to double to 2Mt/yr within a year of its scheduled January 2020 opening. Arabian Business has reported that the loan will bring the project’s total investment to US$110m with a 30:70 equity/debt ratio. The government has granted JSW Cement a 35-year quarry lease and a licence for the extraction of up to 6Mt/yr of limestone for use at the plant, which will be served by a Terex MPS 1200t/hr crushing plant.
550 local people directly or indirectly employed in cement production at Fujairah.