Jaiprakash Associates cement sales up 57% in April

Diversified infrastructure group Jaiprakash Associates Ltd today said it has reported a 57 per cent jump in its cement sales at 12.47 lakh tonnes.

The company had sold 7.93 lakh tonnes of cement during April 2009, it said in a statement. The cement despatch figure include sale of clinker.

Jaiprakash Associates had sold 11.2 million tonnes in the 2009-10 fiscal. In January, the company had said it will invest Rs 4,500 crore to take its cement production capacity from 20 million tonnes per annum (MTPA) to 33 million tonnes by 2012.

"We currently have a capacity of 15 MTPA... The total capacity will reach from 20 MTPA in March 2010 to 33 MTPA by March 2012 at a cost of Rs 4,500 crore," Jaiprakash Associates Chief Financial Officer Rahul Kumar had said.

The group is a diversified infrastructure conglomerate having presence in engineering and construction along with interests in the power, cement, hospitality, real estate, expressways and education sectors.