JSW Group to set up ₹700 cr cement unit in Bengal.

Sajjan Jindal-led JSW Group will lay the foundation stone for a 2.4-million-tonne cement plant at Shalboni in West Bengal in January after the State pollution control board�s clearance, which is expected in December. The ₹700-crore cement project would be ready for commissioning by the end of 2016. "The construction time for the project would a year," Sajjan Jindal, Chairman and MD, JSW Steel, said recently after an event organised the by Bengal Chamber and Commerce and Industry. The project would be set up on 150-acres, out of more than 4,000 acres acquired for its stalled integrated steel project. However, the land has to be reassigned to the cement entity replacing the earlier assignment to the steel outfit. "We hope the reassignment would be complete by next week."