Press Trust of India / New Delhi Dec 02, 2009, 15:50 IST
Diversified business house Jaiprakash Associates (JAL) today commissioned a Rs 1,500 crore cement facility in Gujarat with an annual capacity of 2.4 million tonnes.
"The demand for cement in western part of India has been growing and is expected to grow by 10-12 per cent in next four to six months. With this new cement plant, I am sure that we will able to garner good market in burgeoning western part of India," Jaypee Group founder Jaiprakash Gaur said in a statement.
The greenfield facility, constructed at Sewagram in Kutch, was completed in 33 months. It generated employment for over 3,000 people.
The firm said it has invested Rs 1,500 crore in the Phase I of the cement plant, which has taken JAL's total cement capacity to 17.1 million tonnes a year.
Talking about the company's future plans, Gaur said: "In FY08, we had total installed capacity of 9 million tonnes per annum and we are poised to take the same to 35.55 million tonnes per annum FY12."
The company's total commissioned annual cement capacity would reach 22.80 million tonnes by the end of the current fiscal, he added.
Content Guide
