Jaypee plans capacity hike, India
India’s Jaypee Group is aiming to increase cement capacity to around 50Mta over the next five years from 33.5Mt, the Economic Times of India reports.
Shiva Dixit, vice president of Jaiprakash Associates (the flagship company of the diversified Jaypee Group) told local press that “Our current capacity is 33.5Mt. By the end of this year, it will reach to 36Mt. We are evaluating various locations and are targeting to touch 50Mta cement capacity over next five years.”
Jaiprakash is currently present in 11 states and some new capacity additions are planned to be located in states where the group currently does not have a presence. He said: “We plan to expand mostly in the current locations. We are working in 11 states. We have plans for states where we do not have presence, like Karnataka and Northeast. We do have plans for the East, but they are yet to be crystallised.”
Mr Dixit said that the company is currently at the planning stages of a 3Mta plant in Karnataka but is yet to finalise the location for a similar sized plant in the Northeast. The rest of the planned capacity would come up mostly in existing facilities. He said: "