To cut its debt further Jaypee Group is planning to sell its two cement units in Himachal Pradesh and it has already initiated dialogue in this regard. Jaiprakash is the third-largest cement player in the country with a 27.8 million tonne per annum capacity.
The company’s Himachal units include a 2 million tonne cement plant and another 2 million tonne grinding unit, both in the Solan district in the state.
Jaypee Himachal Cement Grinding & Blending Plant was commissioned in 2010.