JSW Cement to up capacity, enter new areas
JSW Cement, which has its manufacturing unit at Nandyal in Kurnool district of Andhra Pradesh, sells clean, eco-friendly slag cement in the market at a slightly lesser price than ordinary cement, according to
RC Sodani, CEO and Director.
Sodani said told the media in Visakhapatnam last week that JSW has set up a 5-million tonne modern cement plant at Nandyal at a cost of Rs 1,500 crore. The slag is being supplied by the company's steel plant in Karnataka.
JSW cement unit is in production for the past six months and the market response has been very encouraging so far, he added. At present, the company sells slag cement in the southern States and parts of Maharashtra. It would reach other markets in due course of time, he said. He said the quality of slag is very high as the JSW steel plant in Karnataka uses modern technology.
"Without compromising on quality, the company sells its cement at a slightly lesser cost - Rs 5 less for a bag than ordinary cement. This step, he hopes, will make inroads into the market.
Sodani said the company has two smaller cement plants in Karnataka and the total capacity of all the cement plants in the JSW group at present is 5.2 million tonne.
He said the company has plans to take it up to 20 million tonne per annum by 2020 at an additional investment of Rs 5,000 crore. He added the group plans to set up more cement units in Rajasthan, West Bengal and also one near Gulbarga in Karnataka.