Jaiprakash Associates, the flagship company of
the Jaypee Group, has planned to expand its cement manufacturing capacity to 10
million tpa, by 2007.
The group would be setting up a new cement plant
of 3 million tpa in Himachal Pradesh, taking its total cement capacity to 10
million tpa from the current 7 million tpa.
The project costing Rs.900 crore would be
part-financed by the proceeds of the recently-concluded foreign currency
convertible bond (FCCB) issue worth Rs.430 crore.