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NEW DELHI | MUMBAI: India's largest cement maker UltraTech Cement will acquire Jaiprakash Associates ' cement factories in six states for an enterprise value of Rs 16,500 crore, among the biggest distress sales of assets as India's banks get proactive on bad loans.
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Mumbai: UltraTech Cement Ltd on Sunday said it has agreed to buy Jaiprakash Associates Ltd's cement plants in six states at an enterprise value of ₹ 16,500 crore.
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JP Assoc-UltraTech in final talks for Guj cement plant sale CNBC-TV18's learns from sources that the cement maker is in final stages of its deal with UltraTech for stake sale. The company is...
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JP Associates had last year announced the sale of its cement business to the Kumar Mangalam Birla-led Ultratech, making the biggest consolidation in the cement sector. The deal will help the Jaypee Group firm to reduce debt, which runs into thousands of crores of rupees. The deal was subject to various regulatory approvals. Saturday, 10 Sep, 2022
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Jaypee Associates' Rs 3,800 crore deal to sell its Gujarat cement units to UltraTech is a distress sale. For one, the company has been trying desperately to sell its cement business in order to cut its debt pile of Rs 55,000 crore. Moreover, the valuation is at a huge discount to the earlier estimates of Rs 4,500 crore.
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Overview. The success of an organization is the result of the combined efforts of its people. Behind UltraTech Cement's achievements is a highly motivated and dynamic team comprising of more than 22,000 employees spread across 5 countries, and is constantly growing. With an annual capacity of 116.75 million tons, UltraTech Cement is amongst the ...
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Find the most up-to-date statistics and facts about the U.S. cement industry. Switzerland-based cement producer Holcim topped the list of leading cement manufacturers worldwide.
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The mega Indian cement sale Premium A file photo of the ACC cement plant in Barmana Himachal Pradesh. Photo: Mint 2 min read. Updated: 09 Jan 2016, 12:28 AM IST Amritha Pillay
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UltraTech in talks to buy cement assets for about `4,000 crore only a few months after it bought debt-laden Jaypee Group's cement plant in Gujarat
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Business Companies 03 Mar 2017 JP Associates gets N ... Business, Companies. JP Associates gets NCLT nod for cement business sale to UltraTech. PTI. Published Mar 3, 2017, 8:47 pm IST.
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In terms of the manufacturing process, the formed concrete is placed in a curing chamber, and CO2 is fed into the curing chamber to be absorbed into the concrete. CO2 from various sources, including steel plants, power plants and cement plants could be used directly. Ordinary concrete blocks emit around 300 kg of CO2 from materials per 1m3.
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New Delhi, Feb 28 | Updated on: Feb 28, 2016 Aditya Birla Group firm UltraTech today announced the acquisition of debt-ridden JP Group's cement plants for nearly Rs 17,000 crore (about $2.5...
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Jaiprakash Power Ventures Limited. We are an Indian power company, incorporated on Dec 21, 1994, that is part of India's leading Infrastructure conglomerate - Jaypee Group. We plan, develop, implement and operate power projects in India. We currently operate the largest hydroelectric power plant in the private sector in India. Jaypee Group ...
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On 28 February, Jaiprakash Associates announced that it would sell its cement plants in six states for ₹ 16,500 crore to UltraTech Cement Ltd. The company plans to use proceeds from this sale to ...
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JP Associates had last year announced the sale of its cement business to the Kumar Mangalam Birla-led Ultratech for around Rs 16,000 crore, marking the biggest consolidation in the cement sector. The deal will help the Jaypee Group firm to reduce debt, which runs into thousands of crores of rupees.
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JP Associates shares tank, UltraTech scrip ends flat post deal ... Infra major Jaypee Group had said the sale of the Gujarat cement plant will reduce its debt by Rs 3,600 crore in the current ...
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24 Mar 2014 KKR-backed Dalmia Cement (Bharat) has struck a deal to buy 74 per cent held by Jaiprakash Associates in its cement joint venture with steel maker SAIL for Rs 690 crore ($113 million), as per a stock market disclosure. The total enterprise value of the deal, including debt, is pegged at Rs 1,150 crore.
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JK Lakshmi Cement's profit rises 18.3% to Rs 188.36 crore in Q4 FY22. May 19, 2022.
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