The company will use granulated slag, a by-product of the steel unit, as feed stock for the cement plant. : Jindal Steel and Power (JSPL) plans to set up a two-million-tonne cement plant close to its steel plant at Angul in Odisha. The project is estimated to cost about Rs 5 billion and will come up within an 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.