Cement major, Jaiprakash Associates’ cement dispatches in March 2012 has increased by 32% at 2.08 million tonne, as against 1.57 million tonne in the year-ago period.
Jaypee's cement business is housed in Jaiprakash Associates, a listed company that has a cement-making capacity of 28 million tonnes a year, making it India’s third-largest cement producer, behind capacities owned by Germany’s Holcim and the Aditya Birla Group.
Jaiprakash Associates reported a fall of 12% in its net profit of Rs 205 crore in the third quarter of the current fiscal, mainly on higher interest outgo. The company had clocked Rs 233 crore net profit during the October-December quarter of last fiscal.
