Recently, Steel Authority of India (SAIL) completed Rs 500 crore cement plant project in the Balidih industrial area at Jharkhand in collaboration with Jaiprakash Associates (JAL). The plant, which has a capacity of 21 lakh tonne per annum, was inaugurated by Chief Minister Arjun Munda.It will manufacture cement with the slag generated by the Bokaro Steel (BSL). The equity participation by the two partners JAL and SAIL in the new company, Bokaro Jaypee Cement is in the ratio of 76:24.This is the fourth major cement plant in the state and SAIL’s second joint venture with JAL group for cement manufacturing. A year ago a similar cement plant was launched in Bhilai. The plant has come up on 69 acre in which 63 acre have been provided by Balidih Industrial Development Authority (BIADA). Munda said the other steel industries in state should also come up with such ventures in which waste materials would be used for producing fresh energy and products.