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Jaypee Group to invest Rs.900 crore in cement expansion

Wednesday, 16 Nov 2005
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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.

 

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