JP Associates: Risky business

Jaiprakash Associates is a classic example of an evolving infrastructure play with equal amount of risk. The company has gathered substantial momentum over five years. However, most analysis of the stock speak of the company’s long-term potential. For instance, Citi says over the next 10 years, JPA could be one of India's top three cement companies, with a capacity of 37.6 mtpa and it could have a power portfolio of 13,960 Mw of hydel and coal power plants.

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by HEALLILY

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