Jaiprakash Associates expansions more promissive in long term

Jaiprakash is expanding its capacity by 15MMT over the next 3 years at the end of which it will emerge as one of the largest cement players in north india with a capacity of 22MMT. The company is the largest private sector hydropower player and is currently sitting on a huge construction order book of Rs.7,200 crore. Taking cognisance of the government's target of achieving 50,000 MW in hydropower electricity by 2012, expecting order book to maintain its current momentum. The taj express way project coupled with the company's real estate business (taj green) will add value to the company's shareholders. This makes clear picture about companies future. Buy this stock in every dip to make higher returns in medium to long term.