Economy & Market
Jayprakash Associates mulls Rs 50 bn investment
Jayprakash Associates unveiled its plan to invest Rs 50 bn in power, steel, and coal sectors in Jharkhand while addressing the media at the inaugural ceremony of Bokaro Jaypee Cement in Balidh industrial area.
Sunny Gaur MD of Jayprakash Associates
said that Jharkhand has a huge potential and so the group has plans to invest to explore power, steel and coal sectors and along with a cement plant being set up in Bokaro, the company aimed at catering to the rising demand in the country's eastern region.
Gaur said that the company will supply cement to Jharkhand, Bihar, Odisha and West Bengal. He said the company as a part of its corporate social responsibility had planned to open an industrial training institute, a school and a health unit for the local residents near the plant site in the Balidih area. The company had approached the district administration for five acre for these projects.