Jaiprakash Associates today said the capacity utilisation of the industry in general will be around 75-85% in next fiscal with the company at the upper end.
"The demand for cement is likely to grow by 8-10% next fiscal. Capacity utilisation for the industry, as a whole, will be 75-85%. We expect to utilise 85% of our plant capacity in FY’12," Jaiprakash Associates’ Director and CFO Rahul Kumar said.
The Jaypee Group flagship is expected to end the current fiscal with an approximately 80% capacity utilisation against the industry average of around 75%, he said.
Cement consumption is set to register around 8.5% growth this fiscal.
Jaypee Group currently has 22Mta installed cement producing capacity, which is set to go up to 34Mta at the end of FY’12.
This includes 4.3Mta capacity addition in its joint venture with Steel Authority of India (SAIL) for which.
Source: Business Standard