MANOJ GAUR, executive chairman, JP Associates, says the company's total power portfolio is 13,000 Mw. Edited:
How much treasury stock have you sold and how much has the sale fetched you?
The sale was for Rs 2.5 crore and it was done seven weeks before. It would be prudent to observe that net profit, without exceptional items, that is after excluding profit from the sale of shares, has been Rs 218 crore. This was up about 75 per cent up from the corresponding quarter of last year.
Any fund-raising plans?
We are enjoying a growth rate of 50 per cent. We hope to maintain this momentum throughout the financial year. The growth plans were initiated almost three years before. Cement capacity would touch 25 million tonnes by March 2010. We have already invested about Rs 7,000 crore for capacity expansion. For the remaining capacity expansion, we have done the necessary financial expansion and all the equity requirement has been met with..The option of raising capital through debt is always there and can be exercised when required. But we have no intention or objective to raise capital in the next six months.
In the power sector, why are you are trying to add 7,000 MW?
Jaiprakash Power Ltd owns and operates 400 Mw of hydro power stations in Vishnuprayag. There, the company has many power plants, as well as different subsidiaries. We have a power capacity plan of 13,000 Mw. Of this, 8000 Mw will be thermal and 5000 will be hydel power. All this will come into operation from 2011 onwards.
