JP Associates to invest Rs.130 bn in Madhya Pradesh

August 13th, 2008 - 7:48 pm ICT by IANS  

Bhopal, Aug 13 (IANS) The Madhya Pradesh government and JP Associates have signed four memorandums of understanding (MoUs) for investments totalling Rs.130 billion in the state, an official release said here Wednesday. The MoUs were signed by Chief Minister Shivraj Singh Chouhan and JP group’s chairman Manoj Gaur.

Two cement plants with capacity of five million tonnes per year would be set up in Satna town and Amarpatan town in Satna district. The estimated cost of each plant would be Rs.2 billion.

The company would also build an aluminium plant with a capacity of 200,000 tonnes of alumina and 100,000 tonnes of aluminium per year at Rewa. The plant will have an investment of Rs.35 billion.

A captive thermal power plant with a capacity of 200-250 MW would be set up in the same district.

Two power units of 500 MW each at an investment of Rs.500 million each will come up in Bina town of Sagar district. The plant will start production in 2011-12, the statement said.

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