Ultratech In Talks To Buy Jaiprakash Associates Cement

UltraTech Cement Ltd has struck a mega deal to acquire almost the entire cement business of Jaiprakash Associates Ltd at an enterprise value of Rs 16,500 crore ($2.4 billion), the Aditya Birla group firm said on Sunday.

Sep 23, 2013 · After prolonged speculation, UltraTech Cement Ltd is looking to acquire the cement assets of Jaiprakash Associates Ltd in Gujarat for a consideration of R38 bn. While the transaction could be earnings dilutive in the near term for UltraTech Cement (capacity utilisation of 65% at Gujarat), it helps UltraTech Cement further consolidate its position in the West and allows JAL to redeem a fraction of.

Dec 24, 2014 · UltraTech buys Jaypee cement units. Cement has decided to acquire two cement units of Jaiprakash Associates UltraTech had agreed to buy Jaiprakash Cement’s plant in Gujarat with a.

UltraTech Cement Ltd has struck a mega deal to acquire almost the entire cement business of Jaiprakash Associates Ltd at an enterprise value of Rs 16,500 crore ($2.4 billion), the Aditya Birla group firm said on Sunday. The deal will help UltraTech, the single-largest cement firm in the country in.

UltraTech Strikes US$2.4 Billion Deal For Jaiprakash Cement Plants February 29, 2016 Daily News UltraTech Cement Ltd, part of the Aditya Birla conglomerate, has agreed to buy Jaiprakash Associates Ltd’s cement plants for an enterprise value of ?165 billion (US$2.4 billion), the companies said on Sunday.

UltraTech Cement Ltd, part of the Aditya Birla conglomerate, said on Sunday it had agreed to buy Jaiprakash Associates Ltds cement plants for an enterprise value of Rs 16,500 crore ($2.4 billion).

UltraTech buys Jaypee cement units for Rs 15,900 cr The deal has valued the cement capacity at $107 per tonne. Of the total 21.2 mtpa capacity, four mtpa is under commissioning. The inking of the deal between UltraTech and Jaypee comes within a month of announcement of.

Aug 11, 2016 · Shares of Jaiprakash Associates Ltd (JAL) surged nearly six per cent on Thursday after Ultratech Cement said that fair trade regulator Competition Commission of India.

Nder the revised deal, UltraTech will buy 21.2 MT of cement capacity from Jaiprakash. Jaiprakash Associates, which was reeling under heavy debt burden, has announced the part sale of its cement business to Aditya Birla group’s UltraTech for Rs 15,900 crore in.

UltraTech Cement, a flagship company of Indian conglomerate Aditya Birla Group led by billionaire chairman Kumar Birla, will buy the cement unit from Indian engineering and construction company Jaiprakash Associates for ?37 billion (US$564 million), according to.

Jun 22, 2015 · Jaiprakash Associates is close to selling another plant — at Sikandarabad in Uttar Pradesh — to German major Heidelberg Cement for around Rs 500 crore.

Ultratech Cement Ltd. is one of the world’s biggest cement manufacturers, with the capacity to put out 90 million tons a year from plants sprinkled across India. It purchased distressed assets from Jaiprakash Associates Ltd. and is battling to buy even more out of bankruptcy.

Aug 27, 2013 · Ultratech will buy Jaypee Cement Corporations 51 percent stake in Gujarat plant, which has an annual capacity of five million tonnes" a source said. "Talks are on at advanced stages and the deal is likely to happen in next 10-15 days.

A ccording to a recent report in Business Standard, Kumar Mangalam Birlas UltraTech Cement is in talks to buy cement assets from Jaiprakash Associates.

15 June 2012, Published under Cement News Aditya Birla Group and Lafarge are separately in talks to buy Jaiprakash Associates cement units, the Economic Times reported on Friday. Officials from Lafarge and the Aditya Birla Group-controlled UltraTech Cement Ltd, Indias biggest cement producer, have completed preliminary talks and final bids are expected shortly, the newspaper said, citing sources.

Aditya Birla Group and Frances Lafarge are separately in talks to buy Jaiprakash Associates cement units in two states, worth up to about $1.6 billion, the Economic Times reported on Friday. By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.

Sep 23, 2013 · After prolonged speculation, UltraTech Cement Ltd is looking to acquire the cement assets of Jaiprakash Associates Ltd in Gujarat for a consideration of R38 bn. While the transaction could be earnings dilutive in the near term for UltraTech Cement (capacity utilisation of 65% at Gujarat), it helps UltraTech Cement further consolidate its position in the West and allows JAL to redeem a fraction.

Feb 29, 2016 · UltraTech acquires Jaiprakash Associates cement plants for Rs 16,500 crore. Once the deal is completed, the Aditya Birla Group company’s capacity will go up to 90.7 million tonnes per annum (mtpa) from the current 68.3 mtpa, giving it an entry into central India and enhancing its.

UltraTech last year agreed to buy a Jaiprakash cement unit based in Gujarat. Birla is looking to purchase more cement plants in India and abroad, he said in an interview with Bloomberg TV India in.

India: UltraTech Cement Ltd is in talks to buy Jaypees cement assets in Solan, Himachal Pradesh, for US$644m, according to anonymous sources. This comes shortly after UltraTechs purchase of Jaypees Gujarat cement plant. For Jaypee, subsidiary of Jaiprakash Associates Ltd, the deal will be another effort towards trimming its US$8.54bn debt (as of 31 March 2013).

Last year, UltraTech agreed to buy a Jaiprakash cement plant in Gujarat with 4.8 million tonnes of capacity for ? 3,800 crore including debt.

Ultratech agreed in December to buy two of Jaiprakash’s central Indian cement plants at an enterprise value of 54 billion rupees. That deal followed its 2014 purchase of a Jaiprakash cement facility in the western state of Gujarat for 38 billion rupees including debt.

Dec 24, 2014 · UltraTech said in talks to buy Jaiprakash cement plants Thursday, December 18, 2014 l Source: Bloomberg The company is discussing the purchase of Jaiprakash’s cement plants in the states of Uttar Pradesh, Madhya Pradesh and Andhra Pradesh.

It plans to exit its cement joint venture with Steel Authority of India Ltd in Bhilai, Chhattisgarh and is in talks with Aditya Birla Groups Ultratech Cement Ltd. Jaiprakash Associates holds a 74% stake in the 2.2Mt/yr capacity cement plant. A Jaiprakash Associates executive said that the current financial year will see more asset sales, which will ease pressure from banks to repay borrowings.

Jun 26, 2018 · India: LafargeHolcim’s subsidiary ACC is in talks to buy Jaiprakash Associates’ remaining cement business. It plans to buy the production capacity of 5.5Mt.

Jun 26, 2018 · NEW DELHI: Jaiprakash Associates is in advanced talks with LafargeHolcim-controlled ACC Limited to sell its residual cement business with an installed capacity of about 5.5 million tonnes per annum for Rs 5,200 crore. The transaction is expected to be completed in the second quarter of the fiscal, said two people familiar with the development.

The contentious deal, in which Ultratech was to buy Jaiprakash Associates 2.1 mtpa cement plant in Madhya Pradesh, ran into trouble after a clause in the MMDR Act, 2015, barred transfer for mines.

Apr 23, 2013 · NEW DELHI: UltraTech Cement is in final-stage talks to buy Jaiprakash Associates 4.8-million-tonne cement plants in Gujarat for an enterprise value of Rs 4,100 crore, two persons with direct knowledge of the development said. The deal, if consummated, will strengthen the.

Aditya Birla Group and Frances Lafarge are separately in talks to buy Jaiprakash Associates cement units in two states, worth up to about USD 1.6 billion, the Economic Times reported on Friday.

The contentious deal, in which Ultratech was to buy Jaiprakash Associates 2.1 mtpa cement plant in Madhya Pradesh along with 2.6 mtpa griding capacity, ran into trouble after a clause in the MMDR.