Ultratech buys cement plants as Jaypee divestments continue

Jaiprakash Associates (Jaypee Group) has announced it will sell two cement plants in India's Madhya Pradesh state to fellow cement manufacturer Ultratech. The assets comprise cement plants and grinding facilities in Bela and Sidhi with a total capacity of 4.9 million tonnes per year along with an associated 180 MW power plant to supply them.

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Dalmia Bharat to acquire Jaypee Group's cement assets for …

The Jaypee Group on Monday said that a binding agreement had been signed to sell the group's cement business to Dalmia Cement (Bharat) Ltd at an enterprise value of Rs 5,666 crore. The binding agreement has been signed by Jaiprakash Associates and Jaiprakash Power Ventures.

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Jaypee cement assets deal seen as value accretive for UltraTech

India's largest cement manufacturer is set to grow larger as UltraTech Cement, an arm of the Aditya Birla Group, agreed to acquire the entire cement making capacity of the …

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Dalmia Bharat to acquire Jaypee Group's cement assets for …

The Jaypee Group on Monday said that a binding agreement had been signed to sell the group's cement business to Dalmia Cement (Bharat) Ltd at an enterprise value of Rs 5,666 crore. The …

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Adani Looks To Add Insolvent Jaypee Group Assets To …

What Happened: The Adani Group, India's second-largest cement maker, has begun strategising to acquire Jaypee's cement assets, which exceed 9 million tonnes per annum, according to a report...

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Ultratech buys cement plants as Jaypee divestments continue

Jaiprakash Associates (Jaypee Group) has announced it will sell two cement plants in India's Madhya Pradesh state to fellow cement manufacturer Ultratech. The assets …

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Adani Looks To Add Insolvent Jaypee Group Assets To …

What Happened: The Adani Group, India's second-largest cement maker, has begun strategising to acquire Jaypee's cement assets, which exceed 9 million tonnes per …

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Debt reduction: Jaypee to finally sell cement biz to UltraTech …

UltraTech will now pay Rs 16,189 crore to buy Jaypee Group's cement operations that have a total capacity of 17.2 million tonnes per annum (MTPA) spread across Uttar …

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Jaypee cement assets deal seen as value accretive for UltraTech

India's largest cement manufacturer is set to grow larger as UltraTech Cement, an arm of the Aditya Birla Group, agreed to acquire the entire cement making capacity of the Manoj Gaur-led...

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Debt reduction: Jaypee to finally sell cement biz to …

UltraTech will now pay Rs 16,189 crore to buy Jaypee Group's cement operations that have a total capacity of 17.2 million tonnes per annum (MTPA) spread across Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh.

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Adani Group to acquire Jaypee Group's cement assets

Adani Group is planning to acquire cement assets from Jaypee Group, which include over 9Mt/yr of cement capacity, following Jaiprakash Associates' insolvency …

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Adani Group to acquire Jaypee Group's cement assets

Adani Group is planning to acquire cement assets from Jaypee Group, which include over 9Mt/yr of cement capacity, following Jaiprakash Associates' insolvency proceedings initiated in early June 2024.

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Jaypee Cement Plant in HP, India

The case is still quite blurred today, as Jaypee has put both plants (a grinding and blending unit and a cement plant) on sale in 2013 as the company is ridded by a huge debt; Birla Group …

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Jaypee Cement Plant in HP, India

The case is still quite blurred today, as Jaypee has put both plants (a grinding and blending unit and a cement plant) on sale in 2013 as the company is ridded by a huge debt; Birla Group expressed interest in buying the plant [2].

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