Sajjan Jindal-owned JSW Steel Group will be setting up a 3Mt cement plant at Salboni in West Bengal, where it has already decided to develop a 10Mt integrated steel plant with an investment of Rs 35,000 crore.
"We have planned a 3Mt cement plant. JSW Bengal will construct the cement plant prior to the steel plant as part of the project," JSW Bengal Managing Director Biswadip Gupta said.
"As per the environment clearance for the project we cannot throw any solid waste out of project area. To utilise the slag of the proposed steel plant we have decided to set up the cement plant," he said.
The cement plant would become operational before the steel plant and feed slag from other sources as long as the steel plant does not start rolling.
Gupta could not give the exact project cost, saying it would not be less than Rs 500 crore and depend on technology used.
The company would also have a power plant at the proposed site.