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Mumbai: UltraTech Cement Ltd has agreed to buy two cement plants and related power assets of Jaiprakash Associates Ltd in Madhya Pradesh for Rs.5,400 crore, giving the country's biggest cement maker the capacity to cater to lucrative markets in the central Indian state and neighbouring Uttar Pradesh.
Feb 28, 2016· Birla's UltraTech buys JP's cement plants for Rs 17,000 crore. Aditya Birla Group firm UltraTech Sunday announced acquisition of debt-ridden JP Group's cement plants for nearly Rs 17,000 crore (about USD 2.5 billion), making it the biggest deal in the sector.
On completion, the purchase will increase UltraTech's cement capacity by almost a third to 90.7 million tonnes per annum and give the company access to the markets of Madhya Pradesh, Uttar ...
Dec 24, 2014· UltraTech buys Jaypee cement units ... with a combined capacity of 4.9 million tonnes per annum (mtpa) in Madhya Pradesh (MP) for an enterprise value of .
India: UltraTech Cement is seeking clarification from the Indian government over the transfer of limestone reserves as part of its deal to buy two integrated cement plants in Madhya Pradesh from Jaypee Group, according to HT Media. A clause in the Mines and Minerals (Development and Regulation) Act 2015 barring the transfer of mines that were ...
Read more about UltraTech eyes Jaypee's three cement plants in Madhya Pradesh on Business Standard. Aditya Birla group firm Ultratech Cement is believed to be looking at possible acquisition of Jaypee Group's three cement plants in Madhya Pradesh in a .
Feb 29, 2016· At present, the company has a market capitalization of more than Rs 76,000 crore. It could raise Rs4,000-7,600 crore by diluting 5-10%. For Jaypee's two cement plants in Madhya Pradesh, the company had agreed to pay Rs 5,400 crore in December 2014. UltraTech's net debt to EBIDTA at the end of fiscal 2015 was a comfortable 1.09.
UltraTech Cement, a part of the Aditya Birla group, agreed to buy Jaiprakash Associates' 21.2 million tonnes per annum (mtpa) cement capacity for Rs 15,900 crore on Thursday. While the deal will take UltraTech's cement capacity to over 91 mtpa from the present 68 mtpa, it will help Jaypee group ...
UltraTech Cement, India's largest cement maker and part of the Aditya Birla Group, on December 24, 2014, said its board has approved to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for an enterprise value of Rs. 5,400 crore.The transaction, which is subject to due diligence, definitive agreements, and regulatory approvals, will strengthen UltraTech's position as the ...
Dec 23, 2014· The new acquired capacities are located at Bela (2.6 million tonnes) and Sidhi (2.3 million tonnes), both in Madhya Pradesh. In September 2013, UltraTech had acquired Jaypee's Gujarat-based cement ...
Mumbai: UltraTech Cement Ltd has agreed to buy two cement plants and related power assets of Jaiprakash Associates Ltd in Madhya Pradesh for ₹ 5,400 crore, giving the country's biggest cement ...
The cement capacity of Jaypee is based in Madhya Pradesh, Uttar Pradesh, Himachal Pradesh, Uttarakhand, Andhra Pradesh and Karnataka. Private equity entity KKR, Dalmia Cement and JSW Cement were the other bidders for Jaypee's cement units. UltraTech won with the best bid, a .
Dec 23, 2014· Ultratech to buy Jaypee's two cement plants for Rs 5400 crore ... 0 Comments Ultratech to buy Jaypee's two cement plants in MP. NEW DELHI: In one of the biggest deals in the cement sector, Aditya Birla Group firm Ultratech will acquire two plants from Jaiprakash Associates (JAL) in Madhya Pradesh for an enterprise value of Rs 5,400 crore.
India: The Competition Commission of India (CCI) has cleared Ultratech Cement's proposed US$853m deal to buy two cement plants from Jaiprakash Associates in Madhya Pradesh. The acquisition is for a 2.6Mt/yr cement plant in Bela, with a 25MW captive power plant, and a 2.3Mt/yr cement plant in Sidhi with a 155MW captive power plant, according to ...
List of mini cement plants in andhra pradesh binq mining list of cement plants and their capacities in andhrapradesht is also in the process of setting up a mtpa capacity cement plant in andhra pradesh by 20132014 of. Get Price; Ultratech Buys Jaypee S Madhya Pradesh Cement Plants
Feb 28, 2016· UltraTech Limited has agreed to acquire Jaypee Group's 22.4 million tonnes of cement capacity assets for Rs.16,500 crore, making it the largest deal in the Indian cement sector.
Dec 23, 2014· In one of the biggest deals in the cement sector, Aditya Birla Group firm Ultratech will acquire two plants from Jaiprakash Associates (JAL) in Madhya Pradesh for .
UltraTech buys JP's cement plants ... wherein UltraTech was to acquire two cement plants in Madhya Pradesh from Jaiprakash Associates, which has been selling its cement .
Dec 24, 2014· MUMBAI: UltraTech Cement has signed a memorandum of understanding (MoU) to buy two cement plants of Jaiprakash Associates in Madhya Pradesh, a deal that will help consolidate its position as India's biggest cement-maker. For Delhi-based Jaypee Group, the deal is part of an ongoing exercise to reduce ...
India: The Competition Commission of India (CCI) has cleared Ultratech Cement's proposed US$853m deal to buy two cement plants from Jaiprakash Associates in Madhya Pradesh. The acquisition is for a 2.6Mt/yr cement plant in Bela, with a 25MW captive power plant, and a 2.3Mt/yr cement plant in Sidhi with a 155MW captive power plant, according to the Economic Times.
Feb 29, 2016· UltraTech acquires Jaiprakash Associates' cement plants for Rs 16,500 crore The pact will increase UltraTech's installed capacity by one-third to 90.7 mn tonnes annually, and provide Jaiprakash with much-needed relief to pare its debts.
Read more about UltraTech eyes Jaypee's three cement plants in Madhya Pradesh on Business Standard. Aditya Birla group firm Ultratech Cement is believed to be looking at possible acquisition of Jaypee Group's three cement plants in Madhya Pradesh in a .
Nov 25, 2017· UltraTech buys Jaypee's MP cement units for ₹5,400 crore ... Cement to divest two of its cement units in Madhya Pradesh. ... MW captive power plant. UltraTech had also bought Jaypee Group's ...
For Jaypee Associates, this may be only the first of the moves to prune the Rs 60,000-crore debt it carried on its books.The acquisition will raise UltraTech's capacity to 59 million tonne. With new expansion plans in Karnataka, Rajasthan and Madhya Pradesh set to go on stream by 2015, UltraTech's capacity is expected to touch 70 mtpa.
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