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Jaiprakash Associates - Updates

Jaiprakash Associates Ltd has informed BSE that as already approved by the shareholders, the Company on February 21, 2008, has signed the Shareholders’ Agreement with Steel Authority of India Ltd (SAIL) for setting up of 2.1 MTPA capacity slag-based Cement Plant at Bokaro Steel City, Jharkhand in Joint Venture through a Special Purpose Vehicle to be incorporated for the purpose.

Jaiprakash Associates Ltd shall hold 74% equity in the Joint Venture Company and 26% equity of the same shall be held by SAIL.

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