JSPL to build 2-mt cement plant close to Angul steel unit to tap synergies
Jindal Steel and Power (JSPL) plans to set up a two-million-tonne cement plant close to its steel plant at Angul in Odisha.
The project is estimated to cost about Rs 5 billion and will come up within an industrial park being promoted by the Navin Jindal-owned company in the area.
The company will use granulated slag, a by-product of the steel unit, as feed stock for the cement plant.
“With the expansion of the steel making capability to six million tonnes, we are now producing enough granulated slag to sustain a cement unit of two-million-tonne capacity,” said a senior official of the company.
Granulated slag being in high demand, we are now selling it to different cement manufacturers and also exporting the product to Nepal, he added.
JSPL has proposed setting up an industrial park spread over 500 acres at Angul. It will mainly house various steel downstream, ancillary and chemical units.
While JSPL intends to spend about Rs 6 billion to develop the park, it expects the facility to attract investments to the tune of Rs 100 billion.
JSPL will provide the necessary raw materials for downstream steel units in the park. With the Angul plant using the coal gasification route to make steel, the by-products of this unique process can be used as feed for a variety of chemical industries, said sources.