Jaypee Group to invest Rs 1,250 Crore on its Solan Plant

Byswb

Updated Mon, 22 Feb 2010 00:00:00 GMT

Jaypee Group, one of India's leading Cement and infrastructure firms, plans to invest Rs 1,250 crore on its plant in Himachal Pradesh.

With this investment, the company wishes to augment the cement grinding capacity of the plant. It has proposed to add another 2.5 million tonne (MT) per annum of cement grinding capacity to the plant.
 
"We will invest Rs 1,250 crore on enhancing our cement grinding capacity at our Solan plant and we hope it will take another two years to complete the project," Jaiprakash Associates, flagship company of Jaypee Group, chief financial officer Rahul Kumar said.

The Solan plant has a cement grinding and clinker grinding capacity of 4.5 mt per annum.

The group has a vision to become the third largest cement producer in India by 23012.  It has a target to achieve a total cement making capacity of 34 mt by 2012 from the present level of 20 mt.
 
"We have a vision to become the third-largest cement producer by 2012 with a capacity 34 million tonne," he said.