Jindal Steel and Power (JSPL) plans to set up a two-million-ton concrete cement plant near its steel plant at Angul in Odisha.
The venture is assessed to cost about Rs 5 billion and will come up inside a modern 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 development of the steel making ability to six million tons, we are currently delivering enough granulated slag to support a concrete cement unit of two-million-ton limit,” said a senior authority of the organization.
Granulated slag being popular, we are presently pitching it to various concrete cement producers and furthermore exporting this new product in new markets like Nepal Nepal, he included.
JSPL has proposed setting up a mechanical stop spread more than 500 sections of land at Angul. It will for the most part house different steel downstream, auxiliary and concoction units.
While JSPL means to spend about Rs 6 billion to build up the recreation center, it anticipates that the office will pull in ventures to the tune of Rs 100 billion.
JSPL will give the fundamental crude materials to downstream steel units in the recreation center. With the Angul plant utilizing the coal gasification course to make steel, the side-effects of this novel procedure can be utilized as feed for an assortment of compound enterprises, said sources.
JSPL will grandstand the venture in the up and coming ‘Make in Odisha’ conference to be held from November 11 to 15 at Bhubaneswar.
The detailed project report (DPR) of the park, where the cement plant will come up, is now under preparation. “The land for the park has already been acquired and we hope the state government to hand us over the land in 2 to 3 months. We plan to start developing the park from early 2019,” the official said.
Naveen Jindal-possessed Jindal Steel and Power Ltd (JSPL) will set up Odisha’s first private industrial park adjoining its 6 million ton steel plant at Angul.
It will be Spreaded in more than 500 acres of land of land, house steel downstream, ancillary and chemical units.
While JSPL will spend about Rs 6 billion to build up the recreation center, it anticipates that the office will draw in ventures to the tune of Rs 100 billion as foundation of different units in the complex.
While a portion of the parks have been set up by the state-claimed Odisha Industrial Infrastructure Development Corporation (IDCO), others are produced in joint division by IDCO in organization with the privately owned companies.
It might be noted Odisha has defined a different plan to urge investors and big corportae houses to set up Private Industrial Estates.