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JSW Cement arm plans Rs 1,500-crore capital expenditure in Odisha

Once commissioned, the proposed clinker unit will service JSW Cement's manufacturing facilities across East India and is expected to create around 500 direct and indirect jobs

capex, capital, expenditure
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The funding of this project will be through a combination of long-term debt and equity, said JSW Cement, which holds a nearly 60 per cent stake in Shiva Cement

Aditi Divekar Mumbai
Shiva Cement Limited, a subsidiary of unlisted JSW Cement, will invest over Rs 1,500 crore in a 1.36-million-tonne (mt) clinker unit project to be set up in Odisha’s Sundergarh district.

The funding of this project will be through a combination of long-term debt and equity, said JSW Cement, which holds a nearly 60 per cent stake in Shiva Cement. The project received an approval during the company’s board meeting held last month, it added.

The scope of work also includes a 1-mt grinding unit, 8-Mw waste heat recovery power plant, 4-mt crushing plants at Dolomite and Limestone mines, a 10-km

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First Published: Nov 25 2020 | 4:56 PM IST

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