Economy & Market
JSW readies Rs 700 crore for Salboni cement unit
Sajjan Jindal-controlled JSW group announced that it will be investing Rs 700 crore in setting up a 2.4 mn t cement-grinding unit at Salboni of West Midnapore district. The Group Chairman Sajjan Jindal said the group has decided on a cement unit at Salboni where a 10-mt steel plant was earlier planned. The group has cement capacity of 6 mn t. Speaking after receiving the steel icon award from state chambers´ body BCCI, Jindal said the company wants to have some activity at Salboni as the steel project is delayed.