Jaypee Infra

Script: Jaypee Infra
CMP: 89.75

Jaypee Infra could be a nice bet for any long term investor. The stock is trading currently at 89.75 versus an issue price of Rs 102. The company went public in May this year. The company has undertaken the Yamuna expressway construction and is scheduled to complete the same by Jan 2011 well ahead of the 2013 deadline.

The 165 k.m. long 6 lane expressway will connect Noida and Agra and the compnay is entitled to collect tolls on the expressway for the next 36 years.

The company has been provided with the right to develop 25 million square metres of land along the expressway.

Of the developable 530 million sq ft area 310 million or about 58% is in the NCR.

The cost of the project is expected to be upwards of INR 65 billion.


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