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Aditya Birla Group To Buy Jp Cement Plant In Gujarat

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Aditya Birla Group to buy JP’s cement plant in Gujarat

According to reports the company is likely to pay close to Rs 35bn to acquire the 4.8 million tpa unit

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Deal cemented: UltraTech buys Jaypee's Guj Cement for Rs ...

Aditya Birla Group firm UltraTech Cement today confirmed that it will acquire Gujarat Cement unit of Jaypee Cement Corp for Rs 3800 crore.

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Cementing deal: UltraTech buys JP Group’s plants for Rs ...

Aditya Birla Group firm UltraTech on Sunday announced acquisition of debt-ridden JP Group’s cement plants for Rs 16500 crore making it the biggest deal in the sector.

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Aditya Birla wants to buy Jaypee's cement biz

Aditya Birla Group has expressed its interest to buy Jaypee Cement Corporation's five million tonne per annum mtpa Gujarat facility and a deal is likely to happen in 10-15 days. While Aditya Birla Group is keen on buying Jaypee Cement's Gujarat plant the latter wants the Mumbai-based conglomerate take up to 49 per cent stake in the entire ...

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UltraTech to buy two cement plants from Jaypee for …

As part of the deal the Aditya Birla Group firm will acquire Jaiprakash Associates’ integrated cement plant with clinker capacity of 2.1 million tonnes per annum mtpa and cement grinding ...

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Billionaire Birla Said Close to Jaiprakash Cement Plant ...

Aug 26 2015 Ultratech Cement Ltd. backed by Indian billionaire Kumar Mangalam Birla is nearing an agreement to acquire Jaiprakash Associates Ltd.’s cement grinding plant in central India people with ...

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Ultratech to buy majority stake in Jaypee's Gujarat plant ...

Aug 27 2013 NEW DELHI: Aditya Birla Group's flagship Ultratech Cement is at an advanced stage of negotiation with Jaypee Cement Corporation to acquire its 51 per cent stake in the 5 mtpa Gujarat facility for about Rs 4000 crore. Talks are on at advanced stages and the deal is likely to happen in next 10-15 days. Ultratech will buy Jaypee Cement Corporation's 51 per cent stake in Gujarat plant which has ...

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Ultratech to buy majority stake in Jaypee's Gujarat plant ...

Aug 27 2013 New Delhi: Aditya Birla Group's flagship Ultratech Cement is at an advanced stage of negotiation with Jaypee Cement Corporation to acquire its 51 percent stake in the 5 mtpa Gujarat facility for about Rs 4000 crore. Talks are on at advanced stages …

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Aditya Birla Group to buy majority stake in Jaypee's ...

Aug 28 2013 Aditya Birla Group's flagship Ultratech Cement is at an advanced stage of negotiation with Jaypee Cement Corporation to acquire its 51 per cent stake in the 5 mtpa Gujarat …

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Aditya Birla Group set to buy JP’s cement plant in Gujarat ...

Aug 28 2013 MUMBAI: The Aditya Birla Group is close to concluding a deal to buy out Jaiprakash Associates’ cement plant in Gujarat ending protracted negotiations which have gone on a for a year. The Kumar Mangalam Birla-controlled conglomerate is likely to pay close to Rs 3500 crore to acquire the 4.8 million tpa unit and an announcement may come as early as next week.

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UltraTech cement to purchase cement plant in Gujarat …

By: Baiju Kalesh MUMBAI: India's largest cement maker Aditya Birla Group-owned UltraTech Cement has begun talks to purchase an incomplete 6.7-million-tonne cement plant in Gujarat owned by ABG Cement ABGCL a person with direct knowledge of the development said. Executives of both UltraTech Cement and ABG had three rounds of negotiations the same person said.

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Aditya birla group to buy jaypees guj cement for rs 3800cr

Dec 12 2013 Aditya birla group to buy jaypees guj cement for rs 3800cr 1. Presented by: Nagesh Charugundla 2. Introduction In one of the largest domestic Mamp;A deals of recent times Aditya Birla group company Ultratech Cement would announced the acquisition of Jaypee Cement Corporation's JCCL Gujarat unit for Rs 3800 crore.

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Ultratech's Rs 3,800-crore deal with Jaypee approved by ...

Dec 23 2013 The Competition Commission of India CCI has approved Aditya Birla Group firm Ultratech's nearly Rs 3800-crore deal with Jaypee Cement Corporation to acquire its facilities in Gujarat.

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Jaypee sells two MP cement units to UltraTech for Rs 5,400 ...

Dec 23 2014 Debt-laden infrastructure conglomerate Jaypee Group on Tuesday announced a deal to sell two of its cement factories and associated power plants to Aditya Birla Group …

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UltraTech buys Jaypee cement units - Times of India

Dec 24 2014 MUMBAI: Kumar Mangalam Birla-led Aditya Birla Group’s flagship firm UltraTech Cement has decided to acquire two cement units of Jaiprakash …

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Jaiprakash buy cements UltraTech’s No. 1 position - The ...

Dec 24 2014 UltraTech Cement a part of the Aditya Birla Group has agreed to acquire two integrated cement plants from the debt-laden Jaiprakash …

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Big cement firms target UP, India

Grasim Industries of the Aditya Birla group is also setting up a flyash-based cement plant with annual capacity of 120000t at the village of Bisara in Dadri. The unit is being set up by Birla Plus Cement Ltd and the company will invest Rs 117 crore. UPSIDC is in the process of acquiring land measuring 66 acres for the plant in Dadri.

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Jaypee sells cement biz to UltraTech for Rs 16,500 cr ...

In one of the biggest transactions in the cement industry the debt-laden Jaypee group signed a binding agreement on Sunday to sell its cement business with a capacity of 18.4 million tonnes per annum mtpa to the Aditya Birla Group’s UltraTech Cement for an enterprise value of Rs 16500 crore. Under the deal UltraTech will pay an additional Rs 470 crore for completion of the grinding ...

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JP Associates gains on buzz Aditya Birla Group revives ...

Jaiprakash Associates rose 1.50 at Rs 91.30 at 12:18 IST on BSE on report Aditya Birla Group has revived negotiations to buy out the company's cement plants in Gujarat and Andhra Pradesh.

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UltraTech buys JP group’s cement plants for Rs 17,000 cr ...

Jan 20 2018 Aditya Birla Group firm UltraTech today announced the acquisition of debt-ridden JP Group’s cement plants for nearly Rs 17000 crore about 2.5 billion making it …

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Stake sale buzz: JP Associates looking to ease debt burden ...

Jun 15 2012 The Aditya Birla Group Ultratech and France's Lafarge are in talks to buy out JP Associates' cement plants in Gujarat and Andhra Pradesh the report said. The company has already spun off its cement units in Gujarat and Andhra Pradesh in to a separate company Jaypee Cement which has a combined capacity of 9.8 million tonnes in order to ...

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Kumar Mangalam Birla Profile, Kumar Mangalam Birla in ...

Jun 15 2012 The Aditya Birla Group Ultratech and France's Lafarge are in talks to buy out JP Associates’ cement plants in Gujarat and Andhra Pradesh. 2012-06-15 12:22:04 Birla Lafarge eye JP …

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Aditya Birla interested in Jaypee Cement's Gujarat plant ...

Jun 26 2012 A source in the know of the development said that while Aditya Birla Group is keen on buying Jaypee Cement's Gujarat plant the latter wants …

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Media Releases - abg.com

Linen Club from Aditya Birla Group unveils new brand identity and logo. Share. 07 August 2020. Aditya Birla Capital reports results for the quarter ended 30th June 2020. Share. 13 June 2020. Grasim Industries Limited announces its audited financial results for …

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Aditya Birla revives Jaypee deal - Cement industry news ...

Oct 24 2012 India: Business conglomerate Aditya Birla Group has revived negotiations to purchase cement manufacturer Jaiprakash Associates' cement plants in Gujarat and Andhra Pradesh. Aditya Birla is reported to have made an offer of up to US130t to buy the cement assets of Jaiprakash Associates which have an overall capacity of 9.8Mt.

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UltraTech Cement acquires Jaypee Cement unit for Rs 3,800 ...

Sep 11 2013 Infra major Jaypee Group said the sale of the Gujarat cement plant will reduce its debt by Rs 3600 crore in the current financial year. JP Associates' debt will come down by around Rs 3600 crore from the existing Rs 23000 crore Jaypee Group Chairman Manoj Gaur told reporters in the capital adding the group's total debt currently stands ...

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Aditya Birla Group acquires Jaypee’s Gujarat cement unit ...

Sep 12 2013 Aditya Birla's UltraTech Cement Ltd has acquired the cement plant of Jaiprakash Associates in Gujarat for an enterprise value of Rs 3800 crore. UltraTech Cement will acquire the Gujarat Cement Unit of Jaypee Cement Corp Ltd which comprises of an integrated cement unit at Sewagram and a grinding unit at Wankbori.

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Cement: UltraTech to buy JP’s Gujarat Cement plants for Rs ...

Sep 12 2013 The Gujarat unit is part of JAL’s wholly owned arm Jaypee Cement Corp. The enterprise value of the transaction is Rs 3800 crore. Of this as much as Rs 3650 crore is debt which the Aditya Birla Group company will inherit from the Jaypee unit that will be demerged from Jaypee Cement Corporation Ltd JCCL.

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Aditya Birla resumes talks with Jaypee over cement assets ...

The Aditya Birla Group has restarted negotiations with Jaikprakash Associate’s to buy out its Jaypee Cement Corp plants in Gujarat and Andhra Pradesh the Economic Times ET of India reports. Birla is understood to have made an offer of up to US130t to acquire cement assets with a total capacity of 9.8Mt two sources close to the ...

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UltraTech buys Gujarat unit of Jaypee Cement for `3,800 cr

The combined capacity of both the divisions of the Gujarat unit is 4.8 mtpa of cement. Birla who is also the chairman of the Aditya Birla Group said that the deal should be “value accretive ...

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