Sajjan Jindal-led JSW Group on Thursday announced its intention to revive its Salboni project. The company initially plans to set up a 2.4MT cement grinding unit followed by a 300MW captive power plant at Salboni, involving a total investment of Rs 2,700 crore, the JSW chairman announced on the sidelines of a seminar organized by Bengal Chamber of Commerce and Industry.
Jindal also met chief minister Mamata Banerjee and proposed to lay the foundation stone of the cement plant in January 2016. JSW will invest Rs 700 crore in the cement plant. According to Jindal, the company would need only 150 acres to set up the cement plant and another 100 for the power plant. “We’ll start the process for the power plant after three months,” he added.
Jindal was also all praise for Mamata Banerjee, saying Bengal is one of the best places to set up industry. “The present government under the leadership of Didi is giving full support to industry. I am getting a very positive vibe now,” he said.
