CARE reaffirms assigned ‘A1+’ rating to CP Programme of JaiPrakash Associates

05 Aug 2011

Credit rating agency, CARE has reaffirmed the assigned ‘A1+’ rating to the Commercial Paper (CP) of JaiPrakash Associates (JAL) for Rs 1,000.00 crore out of which Rs 500.00 crore is yet to be placed.

JAL is a dominant player in the construction of multi-purpose river valley and hydropower projects and is also one of the leading cement manufacturers in India with an installed capacity of about 22 mtpa as at end-FY11 with capacities spread in central, northern as well as western India.

JAL, infrastructure major registered cement sales at 14.47 lakh tonne in July against 12.21 lakh tonne in the same month last year recording a growth of 18%. The cumulative sales stood at 56.34 lakh tonne during the April-July period of this fiscal, which is 10% higher than the sale of 51.21 lakh tonne in the year-ago period.

Related Jaiprakash Associates Ltd. Links:

JP Associate Share Price

8.04 -0.08 (-0.99%) May 14, 18:01
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Peers
Company Name CMP
Ultratech Cement 6367.70
ACC 1877.10
Shree Cement 26720.85
Ambuja Cement 307.00
Dalmia Bharat 1726.80
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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