Dec 05, 2012 India: Jaypee Cement plans to sell a 51% stake in its 5Mt/yr cement plant in Gujarat to Ultratech. The value of the deal has been placed at around US$633m. A Jaypee official described the deal as 'finalised' to the Press Trust of India. Jaypee and Ultratech have been in

Mar 31, 2016 today announced the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs 15,900 crore, marking the biggest consolidation in the cement sector. However, the size of the deal announced last month has been reduced from Rs 16,500 crore as Jaiprakash Associates Ltd (JAL) decided not to sell its cement plant in Karnataka with a capacity of 1.2 million tonnes per

Jul 17, 2018 Find Jaypee Cement Latest News, Videos & Pictures on Jaypee Cement and see latest updates, news, information from NDTV.COM. Explore more on Jaypee Cement

Aug 08, 2019 India: Orient Cement has cancelled a deal to buy three cement plants from Jaiprakash Associates. The companies signed an agreement in May 2017 to buy a 74% stake in Bhilai Jaypee Cement for US$225m and the acquisition of the Nigrie cement grinding plant in Singrauli, Madhya Pradesh from Jaiprakash Power Ventures for US$77m

Jun 18, 2021 Jun 18, 2021 A lenders consortium led by Edelweiss ARC has invited expressions of interest ( EOIs) for the sale of the two cement manufacturing plants of Jaypee Group promoted Andhra Cements by June 21, 2021

Sep 12, 2013 Sep 12, 2013 The debt reduction from the Gujarat plant sale will happen directly from the group s flagship Jaiprakash Associate (JAL). The Gujarat unit was hived off under Jaypee Cement Corporation,a wholly-owned subsidiary of JAL,which also includes a plant in Andhra Pradesh. Jaypee Cement Corporation was created with the purpose of asset monetisation

Jul 05, 2016 Jul 05, 2016 JSW Cement had been eager to acquire Jaypee's cement assets. The Gaurs, who have been in touch with the Jindals of JSW to sell their power plants, had this month re-engaged with them for the cement business as well. Sajjan Jindal's move to buy out Jaypee's entire 33 MTPA cement portfolio last year failed due to differences over valuation

May 31, 2017 May 31, 2017 Get all latest & breaking news on Bhilai Jaypee Cement. Watch videos, top stories and articles on Bhilai Jaypee Cement at moneycontrol.com

The Jaypee group, which has Rs 60,000 crore of debt on its books, was under pressure from the lenders to repay. UltraTech will take over the debt of the cement company from Jaypee, whose loans would then get reduced by Rs 16,500 crore. The enterprise value is far less than the Rs 21,000 crore expected by the Jaypee group until recently. However, with a March-end deadline to repay, Jaypee was

Mar 31, 2016 Mar 31, 2016 Debt-ridden Jaiprakash Associates on Thursday announced the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs 15,900 crore, marking the biggest consolidation in the ceme

May 20, 2015 May 20, 2015 The plant is a joint venture between Jaypee Group (74 per cent stake) and public sector Steel Authority of India (26 per cent). If the deal succeeds, this would be the third plant India’s largest cement maker UltraTech would be buying from the Jaypee Group in

hot products Striving to excellence in service we provide Jaypee Latest News Sale Cement Plant Ultratech To Buy Two Cement Plants From Jaypee For Rs Dec 24, 2014 Shares of UltraTech Cement gained 0.61% to Rs.2,533.25 on Tuesday on BSE, while the exchange’s benchmark Sensex lost 0.71% to 27,506.46 points