Jaiprakash Associates Ltd’s (JAL), a subsidiary of Jaypee Group, new cement plant in Himachal Pradesh is likely to commence operation from April 2009. The group is setting up a 3Mt capacity cement plant in Baga & Bagheri village of the Solan district. The project cost includes grinding unit at Panipat, Nalagarh and Roorkee) along with a 30MW captive power plant.
Also, it has plans to raise the capacity by 1.5Mta with an investment of Rs 700 crore by 2010.
Further, the company has signed MoU with the Himachal Pradesh government for setting up a 2Mta cement plant (Phase-I) with an investment of Rs1000 crore in Chamba district recently. It also plans to set up a grinding unit in Pathankot (Punjab).
Speaking to Business Standard, Jaiprakash Associates Ltd President Rajiv Gaur, said, "We are hopeful that the new unit with its manufacturing capacity of 3Mta of cement would be operational by April 2009.
Further we are going to increase the capacity of the plant by 1.5Mta on which work would be started by third quarter of this calendar year and likely to be completed by 2010. Post expansion, the capacity of the plant would touch 4.5Mta."
Besides the company also plans to set up a new split unit in Madhya Pradesh and Bokaro in association with SAIL, and also a cement plant in Uttar Pradesh with a manufacturing capacity of 1.5Mta.