MUMBAI— UltraTech Cement said Wednesday it has agreed to buy the Gujarat unit of Jaypee Cement Corp. for about 38 billion rupees ($600 million), including assumption of liabilities, as the cement...
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2/2. BL12_birla_col.eps. ×. UltraTech Cement, an Aditya Birla Group Company, has acquired the 4.8-million tonne per annum (mtpa) Gujarat unit of Jaypee Cement Corporation, for Rs 3,800 crore. As ...
Aditya Birla group controlled Ultratech Cement has rowed back from its promise to buy a cement plant from the debt laden Jaiprakash Associates Ltd (JAL), dealing a blow to banks expecting to recover Rs 1,000 crore from the sale. "This lone plant was valued at Rs 1,000 crore but there were certain environmental clearances which were pending.
The integrated plant at Sewagram and the grinding unit at Wanakbori in Gujarat officially became the 12th integrated unit and 12th grinding unit respectively of UltraTech Cement on the 12th of June, post acquisition from Jaypee Cement. UltraTech's capacity now moves up to 62 million tonnes, with the addition of 4.8 million tonnes capacity at ...
New Delhi, Apr 18 () The Yamuna Expressway Industrial Development Authority (YEIDA) has asked Jaypee group to pay the outstanding Rs 600 crore by August against 1,000 hectare land parcel allotted to the company. Jaypee Grp-UltraTech cement sale in limbo as banks invoke SDR PTI / Jul 01, 2016, 23:28 (IST)
UltraTech Cement Limited agreed to acquire Gujarat Cement Unit from Jaypee Cement Corporation Limited for INR 38 billion in stock on September 11, 2013. UltraTech Cement will issue its shares worth... | July 26, 2022
The Rs.3,800-crore deal is expected to close in 8-9 months UltraTech Cement, a part of the Aditya Birla group, said on Wednesday that it would acquire the 4.8 million-tonne Gujarat unit of Jaypee...
The scheme implementation committee at its meeting held today "made effective the scheme of arrangement between UltraTech, Jaiprakash Associates, Jaypee Cement Corporation and their respective shareholders and creditors," the Aditya Birla Group company said in a statement. It further added, "Consequently, the acquired cement plants of JAL and …
PTI | By HT Correspondent, New Delhi India's largest cement maker, UltraTech Cement, on Wednesday acquired the Gujarat cement unit of Jaypee Cement Corporation, the third largest in …